Practices

Corporate Trust Services

We serve financial institutions that provide corporate trust services across a spectrum of asset classes, roles, and markets. Their needs are numerous and varied throughout the transaction lifecycle, from initial transaction review to operational administration, regulatory compliance, risk and control, investor inquiries, litigation, events of default, workout and restructuring, termination, successorships, investigations, and insolvency. Ballard Spahr has the experience and multidisciplinary bench strength required to fully partner with financial institutions and thoughtfully, strategically, and holistically manage these undertakings at each step along the way.

We provide corporate trust and agency legal services in structured finance, public finance, project finance, corporate debt, syndicated lending, and other capital markets transactions, including secondary market taxable and tax-exempt trust and custodial structures. Our clients serve in varied roles, including trustee, bond trustee, collateral agent, depositary, master servicer, paying agent, loan agent, escrow agent, securities administrator, securities intermediary, custodian, and other capacities. Our corporate trust litigators have extensive experience litigating cases in state and federal courts across the country. We frequently draft and litigate Trust Instruction Petitions under the Minnesota Trust Code to obtain court-ordered direction, liability protection, and finality for all parties involved.

Experience 

Our team of corporate trust and agency attorneys has represented clients in both transactional and litigation matters involving the following:

Transactional

  • Municipal and corporate finance
  • Project finance
  • Structured finance (including gas prepays)
  • Loan agency
  • Secondary market trust structures, such as tax-exempt and taxable tender option bond (TOB) programs and custodial arrangements

Litigation

  • Default administration
  • Trust instruction proceedings (TIPs)
  • Litigation involving restructuring transactions, bankruptcy proceedings, and workouts