In response to the national financial crisis and the federal government's actions to reduce its impact on the economy, we mobilized attorneys from across the firm to form the Economic Stabilization and Recovery Initiative.
We help clients understand the dynamics of the new federal programs and advise them on the structural and regulatory issues facing the banking, insurance, capital markets, real estate, housing, loan servicing, and public finance industries. We also assist in identifying opportunities presented by such programs.
Our attorneys:
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Advise on legislation and programs, including the American Recovery and Reinvestment Act of 2009 (ARRA); Emergency Economic Stabilization Act (EESA); Troubled Asset Relief Program (TARP), including the Capital Purchase Program (CPP); FDIC insurance program; Term Asset Loan Facility (TALF); and Public-Private Investment Program (PPIP)
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Advise on how the EESA and related program developments will affect businesses
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Identify potential pitfalls and advise clients on key decisions regarding program participation and other issues associated with required legal documentation
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Monitor, analyze, and communicate evolving governmental and regulatory developments
- Identify investment and restructuring opportunities
The initiative's scope is national and is supported by attorneys drawn from the firm's 12 offices. Members are experienced in:
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Banking
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Bankruptcy, reorganization, and capital recovery
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Private equity
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Public finance
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Securities
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Structured finance
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Tax
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Transactional finance
We assist publicly and privately owned banks, credit unions, savings and loans, bank holding companies, insurance companies, private investment companies, special servicers, and other businesses affected by changes to the economy.