Carey Gabay practices structured finance law with a special emphasis on collateralized debt obligation transactions. His practice involves the representation of issuers, underwriters, collateral managers, monolines, credit default swap counterparties, and hedge counterparties, among others, in connection with a wide variety of collateralized debt obligation transactions, which are typically backed by portfolio referencing bonds, loans, credit default swaps, residential mortgage-backed securities, commercial mortgage-backed securities, and other types of assets. Additionally, Carey advises underwriters, collateral managers, monolines, credit default swap counterparties, and hedge counterparties on collateralized debt obligation restructuring and termination issues.