Locke Lord’s banking and finance lawyers have longstanding experience in representing financial institutions in their transactional and regulatory matters around the world. From small banks and finance houses to global financial institutions, clients depend on the breadth and depth of our experience to guide them through today’s constant evolving – and highly regulated – financial environment. We routinely represent organizations in their financing, regulatory, structuring and corporate matters and counsel them on all aspects of their borrowing and lending requirements.
By focusing on valuable synergies among Locke Lord lawyers located in the world’s most important financial centers, our reputation and experience translates into tangible benefits for our clients.
Locke Lord’s banking and finance team provides a variety of services, including:
We represent commercial and consumer finance companies, credit unions and credit card issuers, leasing companies, commercial banks and savings institutions, private banks, thrifts (in both mutual and stock form), mezzanine and equity providers including venture capital investors and hedge funds, as well as industrial loan, insurance and energy companies. We advise on matters that range from data protection and security to the latest e-money and consumer finance issues. In addition, we draft suites of loan and security documents for lenders in the real estate market seeking loans for acquisition, refinancing or restructuring debt secured on various types of real estate. Our team also works with borrowers and lenders on all aspects of development and investment financings on both a syndicated and bilateral basis.
Should a financed transaction run into difficulties, we evaluate the implications of a loan workout or refinancing and help implement an appropriate strategy to deal with the troubled financing. Our lawyers handle all legal aspects of large auctions of foreclosed real estate and loan assets and have provided the legal work in connection with multi-billion dollar mass loan portfolio acquisitions.
Clients benefit from Locke Lord’s culture of collaboration among practice areas and industry teams. The banking and finance team works closely with our bankruptcy, restructuring and insolvency, energy, insurance, corporate and real estate practices, enabling them to provide enhanced services such as security reviews and enforcement, debt refinancings and restructurings as well as acquisitions and disposals of debt portfolios. The team also works closely with our litigation and dispute resolution lawyers, who have extensive experience with banking and finance-related disputes throughout the United States, the United Kingdom and the world.
By representing both finance providers and users, we easily navigate issues arising at both ends of the negotiating table. Members of the Banking & Finance team are consistently recognized by the leading legal directories in the United States, United Kingdom and Asia, including Chambers USA and Chambers UK and The Legal 500. Our lawyers serve in the Independent Bankers Association and the U.S. National Association of Bond Lawyers. We are recognized among Guide to the World’s Leading Project Finance Lawyers, featured in The Best Lawyers in America.
Many of our lawyers are CPAs or have held positions in the industry, ranging from general counsel and bank holding company director to commercial lender and realtor. Locke Lord team members publish regularly, teach law school courses and are active speakers and leaders in international, national, state and local industry groups. These organizations include the American College of Real Estate Lawyers, the American College of Mortgage Attorneys and the American Land Title Association, Lender Counsel Group. Locke Lord is also represented on the Conference of State Banking Supervisors and Financial Women International.
Locke Lord’s James Rubens and Tanya Beroukhim (both of Boston) represented certain U.S. entities of Phoenix Tower International as it entered into an Amended and Restated Syndicated Credit Facility valued at $109.3 million.
In 2012, our Financial Services and Litigation lawyers in Hartford obtained a dismissal of all claims asserted against a bank in a federal court matter involving student loans.
On behalf of our client, a bank that has brought a loan default action, Edwards Wildman lawyers in Providence and Boston defeated defendants’ two motions to dismiss filed on jurisdictional grounds in the US District Court for the District of Rhode Island.
In April 2012, the First Circuit Court Appeals (with retired Supreme Court Justice Souter sitting) affirmed the ruling of the US District Court for the District of Massachusetts on behalf our client bank, dismissing the plaintiff’s claim alleging violation of Regulation CC enacted under the Expedited Funds Availability Act and common law negligence.