From global financial institutions to small banks and finance houses, clients depend on the breadth and depth of Locke Lord's experience to provide essential services in today's complex financial environment. We routinely represent organizations in their regulatory, structuring and corporate matters, all aspects of borrowing and lending, internal investigations and dispute resolutions, including litigation, arbitration and administrative proceedings.
By focusing on valuable synergies among the Firm's lawyers located in the world's financial centers, our reputation and experience internationally within this broad spectrum translate into tangible benefits for our clients. We have deep and measured experience in our on-the-ground teams in 19 U.S. offices, as well as in Asia and London.
By focusing on valuable synergies among the Firm's lawyers located in the world's financial centers, our reputation and experience internationally within this broad spectrum translate into tangible benefits for our clients. We have deep and measured experience in our on-the-ground teams in 18 U.S. offices, as well as in Asia and London.
Securitization & Structured Finance
Locke Lord represents financial institutions, including investment banks, commercial banks, insurance and reinsurance companies, finance companies, hedge funds, private equity funds, asset-backed commercial paper conduits and other members of the financial industry in their capacity as issuers, underwriters, sponsors, servicers, special servicers, trustees, collateral managers, credit enhancers, purchasers, lenders, rating agencies and investors in connection with a wide range of structured investments.
Our lawyers have been involved in thousands of securitizations, structured transactions and related matters. These include residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), insurance-linked securities (ILS), guaranteed investment contracts, collateralized bond offerings (CBOs), collateralized loan obligations (CLOs), collateralized debt obligations (CDOs), collateralized mortgage obligations (CMOs), real estate mortgage investment conduits (REMICs), re-securitizations, credit-linked notes, equity and debt investment funds and energy-related securities. Lawyers in our corporate trust group, which works closely with our securitization and structured finance group, have represented trustees in hundreds of CLO and CDO transactions, including restructurings and liquidations.
Our lawyers are actively engaged in national and international syndicated credit facilities (mid-cap, large-cap, and investment grade), mezzanine and second lien financings, high-yield and convertible debt, DIP and exit financings, and tax-exempt and asset-based financings of all kinds. Most of our lawyers have specialized industry experience. Prominent among our industry specialties are media and communications, telecommunications, healthcare, life sciences and biomedical devices, technology and financial services.
Locke Lord helps commercial banks, bank holding companies and savings institutions in connection with the negotiation and consummation of financial institution mergers and acquisitions. Our lawyers have handled the acquisition of hundreds of banks across the United States.
We provide our clients with securities law advice in connection with funding and obtaining shareholder approval of such acquisitions. Our lawyers consult on a pre-acquisition basis with clients in restructuring compensation arrangements to ensure they comply with relevant federal and state banking rules and Sections 162(m) and 280(g) of the Internal Revenue Code in the event the company is acquired. We work with acquirors to advise them on the effect of existing compensation arrangements on the cost of an acquisition. We counsel clients in structuring covenants not to compete and advise former officers and directors of the applicability of such covenants to their post-merger business activities.
Locke Lord lawyers provide regulatory counsel on operational issues, enforcement, examination and supervisory matters involving the Federal Reserve, Securities & Exchange Commission, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, Financial Crimes Enforcement Network, and all state regulatory authorities.
The ability to have a voice in government affairs and legislation is vital to financial services companies. We provide comprehensive federal, state and local legislative counseling for our clients, including strategic planning, monitoring and complete lobbying activities in Washington, D.C., and across the United States.
We advise banks and savings institutions on compliance with existing powers and activities regulations, risk management and compliance issues involving a number of consumer compliance laws and regulations. These include the Federal Deposit Insurance Act, National Bank Act, Home Owners Loan Act (HOLA), Bank Secrecy Act (BSA) compliance, Dodd-Frank, Gramm Leach Bliley (GLB) privacy and data security requirements, Community Reinvestment Act (CRA), Home Mortgage Disclosure Act (HMDA), fair lending, Truth-in-Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA) and other lending compliance regulations. We also counsel banks and savings institutions on issues related to affiliate and insider transactions.
The insurance industry faces many challenges, from e-commerce, market consolidation, new competitors and changing industry regulations and oversight. We represent clients ranging from publicly-traded, international insurers to family-owned insurance agencies, including traditional insurance business clients such as insurers, producers, premium finance companies, third-party administrators, managing general agencies, insurance guaranty funds and state insurance departments. We also represent other business entities in connection with their subsidiary insurance operations, including banks, leasing companies and retailers. We represent reinsurance clients across the United States, the United Kingdom, continental Europe and Asia.
A Locke Lord team led by Sean Page (London) advised Honye Financial Services Ltd., a newly formed special purpose acquisition company seeking acquisitions in financial services and fintech, in its Initial Public Offering.
Michael Harrison (Boston) served as lender’s counsel to Eastern Bank in Capstone Partners LLC’s acquisition of Headwaters MB, LLC to form Capstone Headwaters LLC.
Locke Lord represented Houston International Insurance Group, Ltd. (HIIG) in connection with its issuance of $85 million in new securities to a Canadian investment partnership consisting of The Westaim Corporation, Everest Re Group, Ltd., Catlin Group Ltd., HIIG CEO Stephen L. Way and other investors.
An Insurance and Reinsurance team represent US and European reinsurers in obtaining foreign reinsurer authorization and/or regulatory fronting arrangements with local carriers in Mexico, Colombia, Argentina, Guatemala, the Dominican Republic, Ecuador, Panama, Peru, Chile and Puerto Rico.
A team of Securities Litigation lawyers from our Hartford office obtained a dismissal of all claims asserted against a mortgage and loan product company in the US District Court for the District of Connecticut in September 2012.