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At this time of unprecedented economic challenge, lawyers at White & Case have been active in advising financial institutions, issuers, creditors and other market participants in the full range of issues arising from the U.S. Emergency Economic Stabilization Act and the significant structural and regulatory issues that have arisen from the turmoil in the financial markets. Our unparalleled global reach has enabled us to address the needs of our U.S. and non-U.S. clients seamlessly as the impact of the financial crisis is felt globally.
We have listed below selected representations related to the financial crisis and provided a list of the resources that White & Case has issued in response to recent developments.
Selected Representations:
- Representation of a group of Washington Mutual Inc's bond holders holding in excess of US$1.2 billion in senior unsecured bonds.
- Representation of major sovereign wealth funds in connection with their investments in international financial institutions.
- Representation of a number of clients in connection with the insolvency proceedings of Lehman Brothers Holdings, Inc. with respect to claims, obligations and rights of setoff arising under swap agreements and other transactions between our clients and the Lehman entities.
- Representation of AIG in collateralizing its obligations under lease and other agreements that required collateralization as a consequence of specified downgrades in AIG's credit ratings.
- Representation of a number of private equity and hedge fund clients in connection with their purchase of troubled assets and/or their investments in banks.
- Representation of luxury home and residential tower builder, WCI Communities, Inc. and 126 of its wholly-owned subsidiaries in their Chapter 11 cases in the US Bankruptcy Court for the District of Delaware. The case involves almost US$2 billion in debt and is currently the 7th largest US Chapter 11 case filed in 2008.
Client Alerts:
Bank Advisory
- Dodd-Frank Wall Street Reform and Consumer Protection Act: Federal Deposit Insurance Corporation Approves Final Rules Regarding Resolution Plans | October 2011
- Dodd-Frank Wall Street Reform and Consumer Protection Act: FDIC Proposes Additional Rules Implementing Aspects of Orderly Liquidation Authority | March 2011
- SEC Proposes New Whistleblower Program Under Dodd-Frank Act | December 2010
- Dodd-Frank Wall Street Reform and Consumer Protection Act: FDIC Quickly Proposes Rules Regarding Aspects of Orderly Liquidation Authority | October 2010
- The Dodd-Frank Act and Regulation of the Insurance Industry | September 2010
- Dodd-Frank Wall Street Reform and Consumer Protection Act | August 2010
- FDIC Adopts Final Policy on Private Equity Investments in Failed Banks | August 27, 2009
- China Releases Guidelines on Computation of Financial Merger | August 4, 2009
- FDIC Proposes Stringent New Rules For Private Equity Investors in Failed Depository Institutions | July 2, 2009
- Stress Test Bought Time; Will Procrastination Pay? | May 8, 2009
- UK's Financial Services Authority Makes Regulatory Recommendations in Its Review of Financial Crisis | April 3, 2009
- Supervision of Bank Fair Value Practices: A Basel Committee on Banking Supervision Consultative Document | January 13, 2009
- Ramifications of Converting to a Bank Holding Company on a Financial Institution's Outsourcing Contracts | January 2009
- FCCB Guidelines Evolve as Credit Crisis Deepens in India | December 2008
- New Policies to Revive the Chinese Property Market | October 31, 2008
- Material Adverse Change Clauses In the Current Credit Environment: What the Hexion Decision Means for Buyers and Lenders | October 29, 2008
- Troubled Asset Relief Program — Capital Purchase Program Summary | October 22, 2008
- The Troubled Asset Relief Program: Issues for Financial Institutions and Other Entities Covered by the TARP | October 7, 2008
- Understanding the New Covered Bond Market in the US | October 2008
- Fed's Role in Financial Markets Evolves and Increases as Financial Crisis Deepens | September 29, 2008
- Fed Eases Rules for Minority Equity Investments in Banking Organizations | September 25, 2008
Bank Finance
Capital Markets/Securities
- SEC Adopts Final Rules on Mine Safety Reporting Requirements | January 2012
- SEC Amends Net Worth Standard for Accredited Investors | December 2011
- Dodd-Frank Act Corporate Governance and Executive Compensation Provisions Checklist and SEC Rulemaking Timeline | November 2011
- Cybersecurity Risks and Events Receive SEC Attention: Disclosure Guidance from Corp Fin | November 2011
- CFTC and SEC Provide Temporary Relief From Swap Regulation | July 2011
- SEC Adopts Final Rules Implementing Dodd-Frank Investment Adviser Registration Amendments and Extends Compliance Deadline for Registration Until March 30, 2012 | June 2011
- SEC to Vote on June 22, 2011 Whether to Adopt Rules to Implement Dodd-Frank Provisions Regarding Private Fund Manager Registration | June 2011
- SEC Adopts Final Rules Implementing Dodd-Frank Whistleblower Program—Explanation and Practical Implementation Considerations | June 2011
- Risk Retention Rules for Managed CLOs: Are Regulators Overstepping Their Authority? | April 2011
- Will the Proposed US Credit Risk Retention Rules Apply to Your Transaction? | April 2011
- SEC Proposes Compensation Committee and Compensation Adviser Independence Rules as Required by the Dodd-Frank Act | April 2011
- SEC Staff Indicates That the Commission Is Likely to Extend Key Dodd-Frank Adviser Compliance Dates Until First Quarter of 2012 | April 2011
- SEC Adopts Final Rules on Say-on-Pay and Related Matters | February 2011
- SEC Proposes Rules on Say-on-Pay and Related Matters | November 2010
- The Impact of the Dodd-Frank Private Fund Investment Advisers Registration Act of 2010 for Non-US Advisers | October 2010
- Dodd-Frank Wall Street Reform and Consumer Protection Act | August 2010
- The House of Representatives' Corporate and Financial Institution Compensation Fairness Act | August 4, 2009
- President Obama Unveils Plan to Reshape Financial Regulation | June 22, 2009
- Treasury Department's Proposed Regulatory Reforms of OTC Derivatives Market | May 15, 2009
- TALF Program Expanded to Include CMBS and Insurance Premium Finance Loans | May 13, 2009
- SEC Proposes Alternative Approaches to Restrict Short Selling | May 6, 2009
- Annual Meetings Turning Ugly, But Change Remains Elusive | April 23, 2009
- White & Case's Atterbury Named IPO "Dealmaker of the Year" | April 6, 2009
- Executive Pay Restrictions and Standards Amended for TARP Companies | March 18, 2009
- New (and Old) Questions to Consider when Drafting Your CD&A | March 2, 2009
- SEC Adopts Major Revisions to Oil and Gas Reporting Requirements | January 7, 2009
- Advancement and Indemnification of Legal Fees to Directors and Officers in Light of Recent Case Law | December 2008
- Repricing Underwater Stock Options | November 6, 2008
- SEC Takes Further Action to Curtail Naked Short Selling | October 23, 2008
- International Working Group of Sovereign Wealth Funds Publishes Voluntary Generally Accepted Principles and Practices | October 22, 2008
- Regulation of the Credit Default Swap Market by New York State Insurance Department | October 15, 2008
- Recommendations for Companies Under New Mark-to-Market FAS 157 Accounting Developments in the Emergency Economic Stabilization Act of 2008 and in Recent Actions by the SEC and FASB | October 10, 2008
- SEC Amends Cross-Border Rules | October 2, 2008
- Open Market Repurchases of Debt Securities—Some Regulatory Issues To Consider | October 2008
- SEC Approves Technical Amendments to Short Sales Reporting Order and Financial Institutions Order | September 24, 2008
- SEC and FSA Take Action Against Abusive Short Selling | September 19, 2008
Executive Compensation and Employee Benefits
Financial Restructuring and Insolvency
International Trade
Litigation
Sovereign
White Collar
- Cybersecurity Risks and Events Receive SEC Attention: Disclosure Guidance from Corp Fin | November 2011
- SEC Adopts Final Rules Implementing Dodd-Frank Whistleblower Program—Explanation and Practical Implementation Considerations | June 2011
- 2010: All Signs Point to a Record-Breaking Year for FCPA Enforcement | March 1, 2010
- President Barack Obama Establishes Interagency Financial Fraud Task Force | November 19, 2009
- President Barack Obama Signs Legislation Amending the False Claims Act ("FCA") and Creating the Financial Crisis Inquiry Commission | May 26, 2009
- DOJ's Lead FCPA Prosecutor Tells "Frontline" the Economic Crisis Is No Excuse for Lackluster Compliance | May 8, 2009
- Rocket Scientist Sentenced to Four Years in Prison for Bribing Chinese Officials | May 8, 2009
- DOJ Charges Six Former Executives of Orange County Valve Company for FCPA Violations | May 8, 2009
- Subsidiary Pleads Guilty Following Parent Company's Post-Acquisition Discovery of Improper Payments | May 8, 2009
- Despite the Financial Crisis, the Foreign Corrupt Practices Act Remains an Enforcement Focus | May 8, 2009
- White & Case Partner Move Strengthens Asia-Pacific Asset Finance Practice | April 8, 2009
- UK Financial Services Authority Fines Aon Ltd. $8 Million for Anti-Corruption Violations | March 2009
- SEC Announces $1.7 Million Settlement of Alleged Accounting Violations Agreement with ITT Corporation | March 2009
- Morgan Stanley Discloses Internal Investigation of Possible FCPA Violations | March 2009
- Former US Executives Plead Guilty to Bribing Foreign Government Officials in Violation of the FCPA | March 2009
- Former Halliburton Subsidiary Announces $579 Million in Penalties in Largest-ever FCPA Disposition Against a US Company | March 2009
- Lloyds Bank Pays US$350 Million and Agrees to Deferred Prosecution for US Sanctions Violations, Other Banks May Follow | January 2009
- Foreign Corrupt Practices Act Update for Financial Institutions | December 18, 2008
- Siemens AG and Several Subsidiaries ("Siemens") Agree to Combined Criminal and Civil Fines of $800 Million for Alleged Violations of the US Foreign Corrupt Practices Act ("FCPA") | December 16, 2008
- The Financial Crisis | December 2008
- Significant New Developments in English Bribery and Anti-Corruption Law | November 2008
- Increased Enforcement Actions Resulting from the Current Financial Crisis | October 31, 2008
- DOJ and SEC Officials Discuss Emerging Trends in FCPA Enforcement; Supreme Court Leaves Expansive Coverage Decision Intact | October 21, 2008
- New Guidelines for Prosecution of Business Organizations Increase Protections for Defendants | September 8, 2008
Other Practice Areas
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