Orrick Advises on Two Landmark Non Performing Exposures (NPE) Securitisations
| March.15.2021
Orrick represented the arrangers on two landmark NPE securitisations in Greece. Projects which aim to decrease the significant nonperforming loan ...
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
Orrick Advises Seneca Women on Launch of Credit Card to Advance Women in the Economy
| March.05.2021
Congratulations to our longtime client Seneca Women, a global leadership and media platform, who together with Mastercard and Deserve, have created a ...
Orrick Advises the Kingdom of Morocco on its $3 Billion Bond Issuance
| December.18.2020
Orrick represented the Kingdom of Morocco on its issuance of $3 billion in bonds on the international financial market.
Greenlight Secures $90 Million Financing and Boosts Africa’s Off-Grid Energy Market
| October.01.2020
Orrick advised Greenlight Planet, the largest provider of solar-powered home energy products in sub-Saharan Africa and South Asia emerging markets, ...
Orrick Advises Connexin on £80 Million Investment from Whitehelm Capital
| September.10.2020
We advised smart city technology company Connexin on the raising of an initial commitment of up to £80 million in funding from Whitehelm Capital.
Orrick Represents Bondholder Committee in Reprofiling of Belize’s Bonds in Response to COVID-19 Financial Pressures
| August.12.2020
Orrick represented the Steering Members of the Committee on Bondholders that had been constituted to address Belize's request to capitalize payments ...
Restructuring Agreement Reached Between the Republic of Argentina and its Creditors
| August.06.2020
Orrick represented the Steering Members of the Argentina Creditor Committee (ACC) on reaching an agreement in principle between the Republic of ...
Orrick Advises Snam on First Transition Bond
| June.24.2020
We assisted Snam S.p.A., supported by the joint bookrunner financial institutions in issuing the first €500 million transition bond.
Orrick Advises Noteholders on Third Upstream Wellbore Oil & Gas Securitization Financing
| April.14.2020
Orrick has advised the noteholders in the second rated securitization of oil and gas wellbore interests owned by Diversified Gas & Oil.
UK Based Digital Banking Platform Revolut Completes Its U.S. Expansion
| April.03.2020
As of Tuesday, March 24, Revolut’s app-based digital-only banking platform is available to American consumers.
Insights
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.
Why It's Time to Lift the Trading Ban on Venezuela's Debt
by Thomas W. Laryea | February.20.2021
Thomas Laryea authored argues for reconsideration of the ban on secondary trading on Venezuela bonds as we look towards a comprehensive debt ...
China’s Digital Currency and What This Could Mean For Foreign Companies and Financial Institutions in China
by Betty L. Louie and Martha Wang | February.09.2021
China is operating increasingly on a cashless basis. In 2020, cashless transactions amounted to US$49 trillion, accounting for every four out of five ...
An Overview of Loan Forgiveness Under the Reopened PPP
by Evan C. Hollander, Jonas Robison, Scott Porter and Michael Ruiz | February.03.2021
A recent SBA interim final rule under the Economic Aid Act updated and consolidated loan forgiveness regulations for the reopened PPP.
The Anti‐Money Laundering Act of 2020
by Jeanine P. McGuinness, Matthew Moses, Daniel Nathan, Amy Walsh, Ben Dobkin and Tiffany Rowe | February.03.2021
The Anti-Money Laundering Act implements a broad range of AML reforms. We reviewed the law in detail and prepared a summary of the major takeaways.
IRS Finalizes Guidance Relating to Carbon Capture and Sequestration
by Peter Connors, Joshua Emmett, Robert F. Lawrence, Wolfram Pohl and Blake Winburne | February.01.2021
With the regulatory structure in place, implementation of most carbon capture, use and sequestration (“CCUS”) structures can proceed with confidence ...
Navigating Second Draw PPP Loans
by Evan C. Hollander, Jonas Robison, Scott Porter and Michael Ruiz | January.20.2021
Following the reopening of the Paycheck Protection Program, the SBA and Treasury have issued regulations imposing substantial limitations on ...
States Seek to Invalidate The OCC True Lender Rule
by Robert Loeb, Howard S. Altarescu, Ned Hirschfeld and Anne Savin | January.20.2021
Complaint filed in People of the State of New York, et al. v. Office of the Comptroller of the Currency, et al., No. 1:21-Civ-00057 (S.D.N.Y. Jan. 5, ...
Paycheck Protection Program Reopened and Modified
by Evan C. Hollander and Jonas Robison | January.08.2021
The Economic Aid Act recently reopened the Paycheck Protection Program, and the SBA and Treasury issued implementing regulations on January 6, 2021.
USD LIBOR Transition Update: December 31, 2021 ➔ June 30, 2023!
by Howard S. Altarescu and Nikiforos Mathews | January.08.2021
Homestretch to December 31, 2021, and the end of LIBOR? Not so fast.
Webinar: 2020 Update on the Low Income Housing Tax Credit
| December.28.2020
An overview of the 4% Low Income Housing Tax Credit rate included in the 2020 COVID relief legislation bill.
Webinar: Healthcare Finance: A Look Ahead to 2021
| December.14.2020
Orrick and the Bond Buyer provide an overview of some of the key challenges and opportunities that will affect healthcare borrowers in 2021.
LIBOR Transition: Likely Delay
by Howard S. Altarescu and Nikiforos Mathews | December.03.2020
Recent announcements suggest that there is likely to be a delay in the date for ending the publication of quotes for the most liquid LIBOR tenors.
Considerations for California School Districts: Audit Delays and Continuing Disclosure Compliance
by Donald Field and Andrea Nicole Greenwald | November.25.2020
In response to the COVID-19 pandemic and the challenges it presents for school district operations, Senate Bill 98 provides, among other things, that ...
Municipal Bankruptcy: Using and Avoiding Chapter 9 in Times of Fiscal Stress
by Marc Levinson and Devin Brennan | November.06.2020
On November 2, 2020, the Thomson Reuters Practical Law publication posted an updated version of "Municipal Bankruptcy: Using and Avoiding Chapter 9 ...
The CFTC Begins Policing AML Enforcement
by Daniel Nathan, Matthew Moses, Christine Hanley and Ben Dobkin | October.21.2020
Financial institutions with anti-money laundering responsibilities under the Bank Secrecy Act take note: there’s a new sheriff in town.
FinCEN Seeks Public Comment on Proposed Changes to Regulations Enforcing the Bank Secrecy Act
by Jeanine P. McGuinness, Matthew Moses, Daniel Nathan, Amy Walsh and Ben Dobkin | October.08.2020
Anti-money laundering authorities are proposing a significant revision to the federal AML regulatory scheme with the aim of making it more effective ...
COVID-19 UK: The Corporate Insolvency and Governance Act 2020 – The UK Restructuring Plan
| October.08.2020
The Corporate Insolvency and Governance Act 2020 ("CIGA") introduced a number of temporary measures intended to support business in the UK through ...
News
Orrick Project Named Environmental Finance's Social Bond of the Year
| April.06.2021
Environmental Finance announced Orrick client Equitable Facilities Fund as its 2021 Social Bond of the Year award recipient.
Orrick Promotes 14 to Partner
| February.19.2021
Orrick is delighted to announce the promotion of 14 lawyers to the firm’s partnership, effective January 1, 2021.
Bond Buyer and FT Recognize Innovative Housing Finance Initiatives with 2020 Awards
| December.18.2020
The Bond Buyer has selected the $500 million inaugural bond issuance under the "No Place Like Home" program as its 2020 Deal of the Year. Earlier ...
Law360 Names Orrick a Project Finance Practice Group of 2020
| December.17.2020
For the seventh time, Law360 has featured Orrick as a 2020 Project Finance Practice Group of the Year.
Financial Times Names Orrick the Most Digital Law Firm of 2020
| December.14.2020
We are deeply honored to be named by Financial Times as the Most Digital Law Firm in North America of 2020.
Orrick Partners Named BTI Client Service All-Stars
| December.11.2020
Clients have selected Orrick partners Howard Goldwasser and Carl Lyon as Client Service All-Stars.
Orrick's Amanda Stephens Named a Bond Buyer Rising Star
| October.19.2020
Congratulations to Orrick’s Amanda Stephens on being named to the Bond Buyer's 2020 Rising Stars list.
Orrick Named Top Law Firm for Fintech for the Second Consecutive Year
| October.01.2020
For the second year in a row, Orrick has been named LendIt Fintech’s Top Law Firm during the 4th annual Fintech Industry Awards that honor the ...
Orrick Advises on Minibond Transaction Recognized for Financial Innovation
| September.29.2020
We advised Finint Investments SGR, Banca Finint Group’s asset management company, on an innovative new financial structure that gives smaller ...
The Conversation
The LIBOR Transition: Why LIBOR May Be Going Away & What to Expect
by Howard S. Altarescu and 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 ...
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.
A comprehensive series of primers on all aspects of bond financings
Finance 20/20 Blog
A Periodic Update for the Finance Sector
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
Tools for the U.S. Corporate Direct Lending Community
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