Harald Halbhuber’s practice focuses on complex capital markets transactions.

Harald’s practice spans a broad array of equity and debt financings across company lifecycles and credit profiles, spin-offs and other corporate reorganizations, debt restructurings, and equity derivatives. In addition to his transactional practice, where he acts for both issuers and underwriters, Harald regularly counsels public companies on their disclosures, financial reporting, and corporate governance, and is a recognized thought leader, academic instructor, and author on developments in the securities laws.

Harald joined the firm as a partner in 2026 from another major international law firm.

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Notable Experience (including those prior to joining Cleary)

  • Genmab A/S on its combined $2.5 billion offering of senior secured notes and senior unsecured notes as part of its $6 billion financing in connection with its $8 billion acquisition of Merus N.V.

  • TD Securities and Goldman Sachs as underwriters in connection with a $13.1 billion secondary registered offering of shares of The Charles Schwab Corporation by The Toronto-Dominion Bank. The transaction marked the largest financial services public equity offering of the past five years and one of the largest equity offerings in the United States in a decade. Through the equity offering and a $1.5 billion repurchase by Charles Schwab of its shares from TD Bank, TD Bank sold its entire 10.1% economic stake in Charles Schwab for a total of $14.6 billion in gross proceeds.

  • Liberty Global Ltd. on the $3.2 billion initial market capitalization spin-off and dual SIX and Nasdaq listing of its Swiss telecommunications business, Sunrise Communications AG.

  • Liberty Global plc in its re-domiciliation of the listed company from the United Kingdom to Bermuda. This transaction, which required shareholder approval, was accomplished through a U.K. scheme of arrangement.

  • Valvoline Inc. on its $535 million offering of senior notes.

  • Valvoline Inc. on its $1 billion modified “Dutch Auction” self tender offer for shares of its common stock.

  • J.P. Morgan Securities LLC, RBC Capital Markets LLC, and Wells Fargo Securities LLC as joint bookrunning managers in an offering of $1.5 billion aggregate principal amount of fixed-to-fixed rate junior subordinated notes by TELUS.

  • J.P. Morgan Securities LLC, TD Securities (USA) LLC, and Wells Fargo Securities LLC as joint bookrunning managers in an offering of $900 million aggregate principal amount of sustainability-linked notes by TELUS.

  • Intercontinental Exchange Inc. on various aspects of its investment in Bakkt Holdings, including as an investor in Bakkt’s registered direct offering.

  • Intercontinental Exchange Inc. in connection with its $13.1 billion merger with Black Knight Inc.

  • Genmab A/S on its $11 billion initial market capitalization U.S. initial public offering and Nasdaq listing.

  • Microvast Inc. in its $3 billion going public and Nasdaq listing through a merger with a SPAC.

  • Bakkt Holdings LLC in its $2.1 billion going public and NYSE listing through a merger with a SPAC.

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Selected Activities

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Adjunct Professor, NYU School of Law (Capital Markets Transactions, Securities Regulation)

Research Fellow, NYU School of Law’s Institute for Corporate Governance & Finance, 2021

Visiting Scholar, Columbia Law School, 2010

Publications

Economic Substance in SPAC Regulation, 40 Yale J. on Regul. 44 (2022).

Net Cash Per Share: The Key to Disclosing SPAC Dilution, 40 Yale J. on Reg. 18 (2022) (with Michael Klausner and Michael Ohlrogge)

Debt Restructurings and the Trust Indenture Act, 25 Am. Bankr. Inst. L. Rev. 1 (2017), cited and followed by the Court of Appeals for the Second Circuit in Marblegate Asset Management, LLC v. Education Management Finance Corp., 846 F. 3d 1 (2017) and by the New York Court of Appeals in CNH LP v. Cleveland Inc., 36 NY 3d 1 (2020).

A Financial Statement Guide Through the Seasons, 30 Insights—The Corporate and Securities Law Advisor (2016)

Financial Statements Triggered by Acquisitions: A Practical Guide for U.S. Public Companies, 30 Insights—The Corporate and Securities Law Advisor (2016).