How Do You De-Risk the SPAC Transaction?

Webinar | October.30.2020 | 11am - 12pm (Pacific Daylight Time)

Webinar – Recording Available

Orrick co-hosted a panel discussion with Marsh Insurance on how to de-risk the SPAC transaction on October 30, 2020.

Special purpose acquisition companies have emerged as a popular alternative method for raising acquisition capital. There have been twice as many SPAC IPOs in 2020 than 2019 and it’s only October.

Directors & Officers who are familiar with the IPO playbook may not be fully aware of the unique risks that arise from a SPAC transaction. With some smart risk mitigation through insurance, directors and officers can protect themselves when a SPAC target is acquired and is then publicly listed.

This panel focuses on: understanding the differences between private company, SPAC and public company policies, types of claims that may arise, how to protect yourself and your company, and risk mitigation strategies to reduce individual exposure.

Speakers include: Machua Millett (Managing Director, Chief Innovation Officer, FINPRO US, Marsh USA), Dan Siciliano (Board Chair, SVDX and Federal Home Loan Bank of San Francisco), and Darren Teshima (Partner, Orrick)

For more information on this event or if you are interested in attending, please contact Neel Lilani, Adrienne Bond and Amy Huang.

CLE Credits Available: N

11965_740x360

Practice:

  • Complex Litigation & Dispute Resolution
  • Insurance Recovery
  • Cyber, Privacy & Data Innovation

Darren S. Teshima Partner Complex Litigation & Dispute Resolution, Insurance Recovery

San Francisco

Darren Teshima helps clients intelligently manage risk. From providing counsel to safeguard against anticipated and unforeseen dangers to handling high stakes litigation, clients turn to him for creative solutions to protect their businesses. Chambers USA 2020 quotes clients praising his ability to “balance expert knowledge with practical application.” Darren is sought-after for his advice to policyholders in insurance coverage disputes. With the profound uncertainty of COVID-19, clients are relying on Darren’s extensive insurance coverage experience to pursue claims and his proactive judgement to review policies to mitigate and eliminate potential coverage gaps.

Darren’s proactive judgement has protected clients’ long-term business goals time and again. Co-chair of the Complex Litigation & Disputes Resolution practice, Darren serves as a true business partner to clients in the technology, fintech and financial services industries. He tailors innovative strategies to help avoid litigation and minimize cyber, data and cryptocurrency concerns, as well as D&O and professional liability. Leaders in the fintech space also seek Darren’s counsel on E&O and cyber loss coverage.

When litigation is necessary, Darren helps clients assert their rights. He’s successfully litigated high stakes commercial disputes with significant wins in connection with insurance coverage, RMBS, D&O coverage, and cyber insurance for some of the largest data breaches in history. He was part of the Orrick team for Credit Suisse that handled one of the only post-financial crisis RMBS cases to go to trial.

A recognized leader, Darren has been ranked for his work on behalf of insurance policyholders by Legal 500, Chambers USA, and has been named a Law360 Rising Star, one of the "Best Lawyers Under 40" by the National Asian Pacific American Bar Association.

Darren, co-Partner-in-Charge of Diversity and Inclusion at Orrick, is passionate about making the legal profession inclusive for all. In addition to his leadership at Orrick, Darren takes an active role in D&I industry engagements, including as a fellow in the Leadership Council on Legal Diversity and participating in the Diversity in Law Hackathon.

Darren also is deeply committed to pro bono work and community involvement. He’s handled administrative trials and hearings on behalf of asylum seekers and low-income tenants and provided litigation advice to nonprofit organizations. For his efforts, Legal Services for Children honored him with the Pro Bono Advocate Award twice. Currently, Darren is the chair of the Asian Americans Advancing Justice – Asian Law Caucus, and serves on the boards of Center for Gender & Refugee Studies and Legal Services for Children.