Orrick Advises on Sixth GACS Securitization of BCC Banca Iccrea
| May.31.2022
BCC Banca Iccrea, parent company of the BCC Iccrea Group, has completed the sixth securitization of non-performing loans backed by "GACS" guarantee.
Market innovators —master technicians
Finance Sector
For over a century, we've acted for global banks, funds and leading financial institutions at the forefront of innovation in the private and public sectors – from creating new financial products to resolving high-stakes litigation, enforcement and compliance matters. Harnessing the talents of our diverse finance, restructuring, securitization, real estate, M&A, capital markets and tax lawyers, we partner with our clients to develop strategies for bespoke challenges and opportunities in today's fast-paced financial markets. We combine our market knowledge with a deep bench of leading trial, appellate, regulatory and compliance lawyers to help financial institutions navigate complex litigation and enforcement matters.
Client Results
District of Columbia's Inaugural Public-Private Partnership Project: DC Smart Street Lighting
| May.24.2022
We served as bond counsel to the District of Columbia on its first public-private partnership issue, a project to upgrade the streetlights in D.C.
Orrick Advises Impact Investor responsAbility on an $8 Million Financing for a Green Energy Supplier
| May.09.2022
Orrick represented responsAbility Investments AG on an $8 million working capital facility for next generation utility provider Bboxx.
Orrick Advises Primergy on Development and $1.9 Billion Financing of Gemini Project
| April.25.2022
Orrick advised Primergy on the $1.9 billion Gemini project in Nevada, the largest single project of its kind to begin construction in the U.S.
Credit Suisse and DLJ Mortgage Capital Secure Major RMBS Litigation Win in New York’s Highest Court
| March.18.2022
Siding with the arguments of an Orrick litigation team, the New York Court of Appeals issued a precedent-setting decision for DLJ Mortgage Capital.
Orrick Advises Pancreta Bank on Purchase of HSBC Branch Operations in Greece
| March.17.2022
An Orrick team assisted Pancreta Bank S.A. in the signing of an in-principle agreement with HSBC for the purchase of HSBC branch operations in Greece.
Orrick Advises on NPL Securitisation for Attica Bank S.A.
| March.14.2022
Orrick acted as English law counsel for Attica Bank S.A. in the securitisation of its “Omega” portfolio.
Orrick Advises UC Davis on $620 Million Aggie Square Mixed-Use Development Project
| March.04.2022
Orrick advised the Board of Regents of the University of California (UC) on the UC Davis Aggie Square mixed-use development project, located on the ...
Orrick Advises on First P3 Forward Delivery Bond Refinancing
| February.14.2022
Orrick advised Elizabeth River Crossings (ERC) on pricing an innovative US$571.5 million forward delivery tax-exempt series of bonds, the ...
Orrick Advises Generate Capital on Amp Americas Transaction
| January.21.2022
Orrick advised sustainable infrastructure investment firm Generate Capital on its equity investment in Amp Americas, a leader in the US renewable ...
Insights
The European Affairs Committee Reports on the UK-EU Relationship in Financial Services
by Jacqui Hatfield, Guy Stevenson and Rebecca James | June.27.2022
We summarise the European Affairs Committee's report from 23 June 2022 on the UK-EU relationship in financial services exactly six years after Brexit.
HM Treasury Sets Out New Regulations for Interest-Free Buy-Now-Pay-Later (“BNPL”) Credit Products
by Guy Stevenson | June.22.2022
HM Treasury has now (20 June 2022) published its response document to its consultation paper on regulating interest-free BNPL credit products.
The LSTA’s Updated DQ Structure: Loan Trading and Drafting Considerations
by Raniero D'Aversa, Amy Pasacreta and Matthew Fechik | June.13.2022
The LSTA recently published a market advisory outlining some recent changes to the disqualified institutions provisions set forth in the LSTA’s Model ...
The SEC's Proposed New Climate-Related Disclosure Requirements for Public Companies: What Do They Mean for Municipal Issuers and Borrowers?
by Marc Bauer and Andrea Nicole Greenwald | June.08.2022
Summary Statement
In March 2022, the U.S. Securities and Exchange Commission (“SEC”) released proposed rules that would require public companies ...
School Bond Election Timeline for November 2022 Election
| June.06.2022
For school districts and community college districts considering November 2022 bond election, be sure to reach out to your Orrick counsel ASAP to ...
The SEC's Proposed New Cybersecurity Disclosure Requirements for Public Companies: What Do They Mean for Municipal Issuers and Borrowers?
by Sean Yates and Joseph C Santiesteban | May.16.2022
The SEC has proposed new disclosure rules for public companies regarding cybersecurity incidents and related policies and procedures. The proposed ...
It's Past Time to Expand IMF’s African Department
| April.01.2022
Orrick's Thomas Laryea authored an article in Devex arguing for the expansion of the IMF's African department.
Tough Legacy Made Easy: An Overview of the Federal LIBOR Legislation
| March.18.2022
Our team reviews the “Adjustable Interest Rate (LIBOR) Act,” signed by President Biden on March 15, which addresses “tough legacy” contracts.
Summary of the Small Business Reorganization Act of 2019
| March.16.2022
On Friday, March 11, 2022, INSOL published its first-quarter edition INSOL World, the quarterly journal of INSOL International.
FinCEN Calls for Vigilance Against Anticipated Sanction Evasion Attempts
by Matthew Moses and Kristina Arianina | March.16.2022
The latest FinCEN alert highlights seven red flags that may be indicative of sanctions evasion activities by Russian and Belarusian actors.
The SEC’s Proposed New Cybersecurity Disclosure Requirements: ABS Supplement for Asset-Backed Issuers
by Michael Mitchell, Robert Moyle and Mitchell Naumoff | March.15.2022
To supplement a recent Orrick Alert, our team reviews how the SEC's proposed new cybersecurity disclosure rules would apply to asset-backed issuers.
Post-Issuance Tax Compliance and Continuing Disclosure Responsibilities for Issuers and Borrowers of Tax-Exempt Bonds (Second Edition)
by Edwin Oswald, Alison Radecki and Aviva M. Roth | February.22.2022
Orrick is pleased to announce the second edition of our publication of "Post-Issuance Tax Compliance and Continuing Disclosure Responsibilities for ...
Tax-Exempt Lending to Governments and Nonprofits; Bank Loans and Direct Purchases of Municipal Securities
by Todd Brewer, Hoang Vu and Amanda Stephens | February.15.2022
Orrick is pleased to announce the publication of "Tax-Exempt Lending to Governments and Nonprofits; Bank Loans and Direct Purchases of Municipal ...
Online Platforms, Financing Comparison and Reserve By Law. OAM Consultation in Progress
by Marco Boldini and Teresa Mattioli | January.27.2022
OAM - the Italian authority supervising credit brokers and financial agents - launched a public consultation about activities performed by online ...
UK Financial Regulatory Update: Developments and Potential Impacts for Financial Services Firms and Other Financially Regulated Businesses
by Guy Stevenson | January.20.2022
Key changes in the UK financial regulation market from the FCA and HM Treasury that will need careful consideration by companies in the space.
News
Orrick Adds Debt Finance Rising Star to Energy & Infrastructure Team in New York
| June.08.2022
Jared advises sponsors and lenders on energy and infrastructure project financings, as well as related restructurings.
Orrick Grows Direct Lending Practice in Boston
| May.16.2022
Welcome to Greg Bilton who joins the firm as a partner in our Direct Lending practice.
Orrick Bolsters National Energy Finance Team
| April.05.2022
Jeff Kayes and Adam Griffin bring extensive experience in energy and renewables project financings and tax equity transactions.
Orrick Recognized as Litigators of the Week for “Market Moving Reversal” for Credit Suisse
| March.25.2022
Congratulations to an Orrick litigation and appellate team on being recognized as Litigators of the Week by American Lawyer.
Lorraine McGowen Named to Savoy Magazine's Most Influential Black Lawyers List for the Third Time
| February.16.2022
Congratulations to Lorraine McGowen on yet again being named one of the Most Influential Black Lawyers by Savoy Magazine.
Orrick Adds Direct Lending Advisor to Growing New York Team
| December.01.2021
Welcome to Daniel Amato who joins us as a partner in our Direct Lending practice.
Orrick Adds Debt Finance Advisor in Washington, D.C.
| November.17.2021
Adam Ross joins the firm as a partner to advise borrowers, lenders and financial sponsors in the debt financing aspects of M&A, PE and VC ...
Orrick Restructuring Partner Selected to the International Insolvency Institute (III)
| October.25.2021
Orrick is pleased to announce that Evan Hollander, a partner in the Firm’s Restructuring group, has been selected as a member of the International ...
Orrick's Andrea Greenwald Named a Bond Buyer Rising Star
| September.10.2021
Congratulations to Orrick’s Andrea Greenwald on being named to the Bond Buyer's 2021 Rising Stars list.
The Mobility Open Blockchain Initiative (MOBI) Releases Standards to Reduce the Costs of Vehicle Ownership and Improve Customer Experience
| June.29.2021
MOBI's Finance, Securitization, and Smart Contracts (FSSC) Working Group recently released standards that provide industry-wide guidance on the ...
The Conversation
The LIBOR Transition: Why LIBOR May Be Going Away & What to Expect
by Nikiforos Mathews | January.15.2020
Like Y2K, but for real… or a whole lot of nothing? Orrick partners Howard Altarescu and Nikiforos Mathews, along with Joyce Frost of Riverside Risk ...
Practices
LIBOR Transition and Contract Remediation
Orrick’s LIBOR transition team provides advice and thought leadership on issues with the prospective LIBOR transition at the end of 2021.
LIBOR Transition and Contract Remediation
Our finance and derivatives teams advise clients on incorporation of fallback and related provisions in new financings and, with our litigation team, advise on legacy instrument considerations, including legislative and other “solutions” and potential litigation exposure.
We also provide large scale contract remediation services through our experienced practice teams and innovative Orrick Analytics service offering, which uses machine learning tools to efficiently review large volumes of contracts to identify LIBOR-related terms and provisions. The Orrick Analytics offering includes ...
The SEC’s 2021 Examination Priorities Provide Firms With a Roadmap to Compliance
March.10.2021
This annual guidance provides industry participants with a roadmap to plugging any gaps in their compliance.
Fintech
Our focus on the fintech sector is a natural product of Orrick’s strengths in technology and finance. We advise more than 2,700 high-growth clients globally and have been recognized as the Most Innovative Law Firm in North America for the 3rd year in a row by Financial Times in 2016, 2017, and 2018. Our finance and transactional capabilities are well documented. In 2019, we have assisted clients in raising nearly $19 billion in venture-backed financings and executed $42 billion in M&A transactions globally. Our finance team is known for developing first-of-a-kind structures and is among the ...
Law360 Recognizes Orrick's Josh Pollick as a FinTech Rising Star
June.28.2022
Josh is one of only five attorneys selected in the fintech category as a lawyer under 40 whose accomplishments transcend his age.
A comprehensive series of primers on all aspects of bond financings
Distressed Download Blog
Latest news and industry trends in the distressed debt and restructuring markets
Derivatives in Review Blog
Important legal, regulatory and other developments in the area of derivatives
Some of the recognition we have received
Top 3 U.S. CMBS underwriter's counsel
Commercial Mortgage Alert, 2020
No. 1 Municipal Bond Counsel
The Bond Buyer, 2020 and past 20 years
#4 out-of-court creditor firm and #7 bankruptcy firm
The Deal, 2020
Top Law Firm for Fintech
Lendit, 2019 and 2020
Tier 1 - Municipal Restructuring, Securitization, Fintech
The Legal 500, 2020