Representative Matters
- Represented money center bank as lead arranger and administrative agent in structuring, negotiating and closing multi-billion dollar secured revolving credit facilities for U.S. clearing corporations.
- Represented money center bank as administrative agent in structuring, negotiating and closing a multi-billion dollar syndicated subscription credit facility for large private equity and energy funds organized in U.S. and foreign jurisdictions.
- Represented money center bank as agent in structuring, negotiating and closing a $475 million syndicated subscription credit facility for three mezzanine debt funds and two of their feeder funds organized in U.S. and foreign jurisdictions.
- Represented multiple letter of credit beneficiaries in obtaining summary judgment for wrongful dishonor against issuing bank that claimed it had erred and meant to limit its liability to less than the aggregate amount of 11 letters of credit issued to 11 different beneficiaries.
- Represented money center bank in obtaining summary judgment against letter of credit issuer that wrongly set-off against tens of millions of dollars owed to our client.
- Represented money center bank in innovative partial transfer and silent confirmation of large international letter of credit to finance sale of gas turbines.
- Represented the New York Branch of a foreign bank, which was the target of legal actions in India and New York seeking contradictory relief, in obtaining a stay in New York pending completion of an arbitration to determine whether a drawing on a letter of credit was fraudulent.
- Represented money center bank that had issued a counter-standby letter of credit in defeating applicant's motion for a preliminary injunction.
- Represented money center bank as administrative agent in structuring, negotiating and closing syndicated secured letter of credit facilities for one of the largest solar power companies in the world.
- Represented money center bank as administrative agent in structuring, negotiating and closing syndicated subscription credit facility for one of the world's largest and most prominent private equity funds.
- Represented issuing bank in obtaining summary judgment upholding the bank's dishonor of a drawing under a standby letter of credit where presentation failed to include the original letter of credit and amendments as mandated by the credit's express terms.
- Represented many U.S. national banks and branches of foreign banks in preparing letter of credit-related forms such as reimbursement agreements, letter of credit templates, assignments of letter of credit proceeds, and commitments to purchase or negotiate documents.