Financial Services
Since Squire Sanders opened its doors in 1890, financial institutions have been among our largest and most active clients. For more than a century, we have developed a leading global financial services practice, providing a full range of the highest quality legal services to:
- Commercial banks and finance companies
- Hedge funds and private equity funds
- Insurance companies
- Investment banks and broker-dealers
- Other sources of capital
Many of our lawyers have spent their entire careers representing financial institutions, and several have substantial experience serving as officers of leading financial services firms or as banking, insurance or securities regulators. We routinely advise financial institutions around the world on matters regarding:
- Banking and debt finance
- Capital markets and corporate finance
- Corporate governance and transactions
- Derivatives
- Insurance
- International issues
- Litigation and alternative dispute resolution
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- Mergers, acquisitions and dispositions
- Project finance
- Regulatory issues
- Restructurings and workouts
- Securities
- Structured finance
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Our deep knowledge of the financial services industry allows us to provide clients tailored, practical and solution-oriented legal service.
We serve as primary or preferred legal advisors to several leading global and national financial institutions, as well as many regional and community focused financial institutions. Also, we have represented various regulatory authorities and governmental agencies that provide oversight or serve as sources of liquidity to the financial services sector. Our lawyers have successfully represented these clients in numerous groundbreaking business transactions, regulatory matters and in high stakes litigation. One of our greatest strengths is our fully integrated operating model, which allows us to leverage this global experience for the benefit of each client.
Practice Expertise
Representative Experience
- Representing the lead arranger and agent in a syndicated revolving credit facility aggregating US$175 million (with an accordion option for an additional US$75 million) for a manufacturer.
- Representing an insurance company when one of its insurance brokers left and set up a competing business. The former employee sued for wrongful termination and we cross-claimed on behalf of our client for unfair business practices and the misappropriation of trade secrets. The case was settled in its early stages.
- Causing a motion for class certification to be withdrawn representing a nonprofit managed care company in the United States in a putative class action brought by physicians challenging the legality of our client's reimbursement and claims-handling practices and seeking to represent a class of health care providers that had provided medical services to our client's insured.
- Representing the lead agent in connection with a US$150 million asset-based, cross-border, syndicated credit facility in conjunction with a split collateral pool-structured US$100 million syndicated term loan facility for a Tier II automotive and truck electrical component manufacturer.
- Representing the lead arranger and agent in a syndicated multicurrency revolving credit facility aggregating US$280 million (with an accordion option for an additional US$50 million) for a US-based manufacturing group with non-US subsidiaries.
- Representing the lead agent in connection with a US$85 million roll-up acquisition facility for a private equity group for acquisitions in the aluminum production manufacturing industry.
- Representing a leading provider of property and casualty insurance to businesses, the subsidiary of a major global Switzerland-based insurance company, in a litigation matter involving an SEC investigation.
- Representing the lead arranger and agent in the restructuring of syndicated secured multicurrency revolving credit and term loan facilities aggregating US$178 million for an international manufacturing group, involving both US and non-US collateral and intercreditor arrangements with two other debt facilities.
- Assisting a national prescription benefit management company in establishing a US$75 million reinsurance treaty with a large Germany-based reinsurer.
- Representing the lead agent in a US$82 million secured credit facility financing for a Midwestern private equity fund’s purchase of a hydraulic system distribution company.
Case Studies
Citizens Property Insurance Corporation, a statutorily created insurer of last resort that provides property and casualty insurance to qualified risks in Florida, needed to enhance its ability to pay claims arising from windstorm and other weather-re...