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Client AlertJanuary 19, 2021
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Press ReleaseNovember 5, 2020
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Legal Media Group / EuromoneySeptember 30, 2020
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J. Truman Bidwell Jr., Clark A. Freeman, Jeffrey R. Gleit, Natalie S. Lederman, George P. Lindsay, Michael S. Palmisciano, Joel S. TelpnerNew York Metro Super Lawyers MagazineSeptember 29, 2020
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Client AlertSeptember 22, 2020
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The Best Lawyers in America® 2021August 20, 2020
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Client AlertAugust 14, 2020
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Boston Business JournalAugust 10, 2020
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Practical Lending and Security Precedents (2020)August 1, 2020
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Refinitiv.comJuly 21, 2020
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Global Trade Review (GTR)July 14, 2020
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Client AlertJuly 2, 2020
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Client AlertJune 18, 2020
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Client AlertJune 8, 2020
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LexisNexisMay 20, 2020
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Client AlertMay 17, 2020
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Client AlertMay 13, 2020
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Client AlertMay 6, 2020
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FlowMay 1, 2020
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Client AlertMay 1, 2020
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Client AlertApril 24, 2020
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The Boston GlobeApril 10, 2020
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Client AlertApril 7, 2020
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Client AlertApril 4, 2020
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The Boston GlobeApril 3, 2020
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Client AlertApril 2, 2020
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Client AlertApril 2, 2020
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Client AlertMarch 31, 2020
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Benjamin J. Armour, Harvey E. Bines, David E. Danovitch, David A. Guadagnoli, Jon M. Jenkins, Jeffrey B. MorlendClient AlertMarch 30, 2020
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FinOps ReportMarch 26, 2020
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Understanding Which Businesses are Classified as "Essential" Under Current and Future "Stay-at-Home" OrdersClient AlertMarch 25, 2020
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Global Trade ReviewFebruary 26, 2020
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Global Trade ReviewFebruary 19, 2020
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Law.comJanuary 6, 2020
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Bloomberg and InvestmentNewsDecember 14, 2019
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Sullivan Press ReleaseNovember 14, 2019
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Sullivan Press ReleaseNovember 1, 2019
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Patrick P. Dinardo, Richard L. Jones, Jeffrey B. Morlend, Michael S. Palmisciano, Ameek Ashok Ponda, Avinash R. Rao, Laura Steinberg, Douglas S. Stransky, Ryan C. Tompkins, Shu WeiNew England Super Lawyers MagazineOctober 17, 2019
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September 27, 2019
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J. Truman Bidwell Jr., Clark A. Freeman, Jeffrey R. Gleit, Natalie S. Lederman, George P. Lindsay, Constantine P. Ralli, Joel S. TelpnerNew York Metro Super Lawyers MagazineSeptember 12, 2019
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The Best Lawyers in America 2020®August 15, 2019
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REFI GlobalMay 13, 2019
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Sullivan Press ReleaseMay 13, 2019
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BTCNNMarch 27, 2019
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The TokenistMarch 26, 2019
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BitcoinerXMarch 25, 2019
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Bitcoin Exchange GuideMarch 25, 2019
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ForbesMarch 24, 2019
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TXF NewsMarch 20, 2019
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Trade Finance Global (TFG)’s Women in FinanceMarch 8, 2019
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AltFiFebruary 12, 2019
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Blockchain LandFebruary 6, 2019
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RaconteurDecember 5, 2018
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Eye On BlockchainDecember 4, 2018
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Press ReleaseNovember 28, 2018
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Blockchain Research InstituteNovember 19, 2018
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IFLR1000November 12, 2018
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Press ReleaseNovember 1, 2018
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Coin RivetOctober 30, 2018
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October 30, 2018
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Collective body will collaborate to drive long-term consumer adoptionPress ReleaseOctober 29, 2018
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VC-ListOctober 22, 2018
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Joel R. Carpenter, Patrick P. Dinardo, Joseph X. Donovan, Richard L. Jones, Matthew E. Lane, Jeffrey B. Morlend, David J. Nagle, Michael S. Palmisciano, Ameek Ashok Ponda, Avinash R. Rao, Laura Steinberg, Douglas S. Stransky, Paul E. Summit, Shu WeiNew England Super Lawyers MagazineOctober 18, 2018
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J. Truman Bidwell Jr., Clark A. Freeman, Jeffrey R. Gleit, George P. Lindsay, Constantine P. Ralli, Joel S. TelpnerNew York Metro Super Lawyers MagazineSeptember 13, 2018
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Press ReleaseSeptember 4, 2018
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Financial Services SpotlightAugust 16, 2018
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Client AdvisoryAugust 16, 2018
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The Best Lawyers in America 2019®August 15, 2018
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Into AfricaAugust 14, 2018
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Global Trade ReviewAugust 14, 2018
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Dell TechnologiesAugust 2, 2018
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Benjamin J. Armour, John G. Balboni, Victor N. Baltera, J. Truman Bidwell Jr., Ashley H. Brooks, John L. Chilton, Nicole M. Crum, Christopher C. Curtis, Lindsey A. Getz, David A. Guadagnoli, Brian E. Hammell, John Hunt, Richard L. Jones, David H. Kaplan, Jeffrey M. Karp, David M. Leahy, David C. Mahaffey, Louis A. Monti, Ameek Ashok Ponda, Nicole Rives, Lewis N. Segall, Amy E. Sheridan, Gerry Silver, Laura Steinberg, Douglas S. Stransky, Matthew J. Van Wormer, Carol G. WolffPress ReleaseMay 30, 2018
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TXF NewsMay 17, 2018
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Trade Finance MagazineMay 1, 2018
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BoardIQApril 10, 2018
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BTCManagerApril 6, 2018
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NewsBTCApril 3, 2018
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U.S. NewsApril 2, 2018
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March 1, 2018
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FinextraFebruary 14, 2018
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Press ReleaseFebruary 1, 2018
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Global FinanceJanuary 11, 2018
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Law360January 3, 2018
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SEC Halts ICO After Finding that Tokens are SecuritiesClient AdvisoryDecember 15, 2017
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Board IQDecember 5, 2017
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Law360November 22, 2017
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Global Trade ReviewNovember 20, 2017
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TheGuardian [Nigeria]November 10, 2017
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Press ReleaseNovember 1, 2017
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October 11, 2017
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Press ReleaseOctober 10, 2017
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Into AfricaOctober 10, 2017
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Industry standard English law Master Participation Agreement legal opinion updated for use in satisfying regulatory requirements in trade finance transactions within the European UnionPress ReleaseOctober 9, 2017
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New York Metro Super Lawyers MagazineSeptember 20, 2017
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The Best Lawyers in America 2018®August 15, 2017
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July 27, 2017
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Risk.netJuly 25, 2017
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Trade & Forfaiting ReviewJune 30, 2017
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Into AfricaJune 12, 2017
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Benjamin J. Armour, John G. Balboni, Susan M. Barnard, Howard E. Berkenblit, Ashley H. Brooks, William J. Curry, Clark A. Freeman, David A. Guadagnoli, Oded Har-Even, David M. Leahy, David C. Mahaffey, Louis A. Monti, David J. Nagle, Ameek Ashok Ponda, Harry H. Rimm, Nicole Rives, Lewis N. Segall, Amy E. Sheridan, Laura Steinberg, John M. Steiner, Douglas S. Stransky, Joel S. Telpner, Adam N. Weisenberg, Carol G. WolffPress ReleaseMay 31, 2017
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CoinDeskMay 16, 2017
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Trade FinanceApril 19, 2017
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Client AdvisoryMarch 31, 2017
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Trade & Forfaiting ReviewMarch 30, 2017
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Client AdvisoryMarch 17, 2017
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Client AdvisoryMarch 1, 2017
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The EURO-GCC Trade & Investment Guide 2017February 27, 2017
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Banker & TradesmanDecember 18, 2016
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News GhanaNovember 25, 2016
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October 27, 2016
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Trade and Forfaiting ReviewSeptember 14, 2016
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Global Trade ReviewSeptember 14, 2016
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African Law & BusinessAugust 16, 2016
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The Best Lawyers in America 2017®August 15, 2016
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Client AdvisoryAugust 12, 2016
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Global Banking & Finance reviewAugust 11, 2016
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Mining WeeklyAugust 10, 2016
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Press ReleaseAugust 10, 2016
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Press ReleaseAugust 9, 2016
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Trade and Forfaiting ReviewJuly 27, 2016
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Global Trade ReviewJuly 18, 2016
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Press ReleaseJuly 14, 2016
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The ITFA MuseJuly 10, 2016
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The LawyerJuly 4, 2016
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Client AdvisoryJuly 1, 2016
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June 24, 2016
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June 24, 2016
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Benjamin J. Armour, John G. Balboni, Howard E. Berkenblit, Ashley H. Brooks, John L. Chilton, Nicole M. Crum, William J. Curry, Christopher C. Curtis, Harry E. Ekblom Jr., David A. Guadagnoli, David H. Kaplan, David M. Leahy, George P. Lindsay, David C. Mahaffey, David J. Nagle, Alexander A. Notopoulos Jr., Duncan T. O'Brien, Ameek Ashok Ponda, Harry H. Rimm, Lewis N. Segall, Amy E. Sheridan, John M. Steiner, Douglas S. Stransky, Paul E. Summit, Matthew J. Van Wormer, Adam N. Weisenberg, Carol G. WolffPress ReleaseJune 15, 2016
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Global Banking & Finance ReviewJune 7, 2016
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TFRJune 6, 2016
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Global Trade ReviewJune 6, 2016
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Press ReleaseJune 6, 2016
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TFRMay 4, 2016
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Banker & TradesmanDecember 21, 2015
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Press ReleaseNovember 25, 2015
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Press ReleaseNovember 2, 2015
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October 15, 2015
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September 16, 2015
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New York Metro Super Lawyers MagazineSeptember 16, 2015
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Press ReleaseSeptember 16, 2015
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Press ReleaseJune 24, 2015
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Press ReleaseJune 12, 2015
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Industry standard legal opinion for banks to use in satisfying new regulatory requirements in the European UnionPress ReleaseMay 6, 2015
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Press ReleaseSeptember 16, 2014
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Press ReleaseJune 16, 2014
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Trade & Forfaiting ReviewMay 2, 2014
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January 12, 2021
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September 25, 2020
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September 14 - 15, 2020
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September 8, 2020
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April 25, 2020
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February 27, 2020
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February 27, 2020
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February 17, 2020
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February 6, 2020
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January 30, 2020
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December 1-4, 2018
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November 27, 2018
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November 26, 2018
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November 15, 2018
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November 13, 2018
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November 10, 2018
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November 8-9, 2018
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November 8 - 9, 2018
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November 6, 2018
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October 30, 2018
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Trade Finance Breakfast Seminar (October 24, 2018)
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October 20, 2018
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October 11, 2018
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October 9, 2018
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September 27, 2018
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September 10-13, 2018
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September 7-9
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August 7, 2018 (6:00 pm - 10:00 pm)
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July 27, 2018
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July 25, 2018
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June 30, 2018
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June 28, 2018
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June 21, 2018
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June 13, 2018
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June 13, 2018
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May 22-23, 2018
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May 10, 2018
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May 8, 2018
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Trade Finance Breakfast Seminar (April 26, 2018)
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April 19, 2018
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April 16, 2018
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April 11, 2018
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April 9, 2018
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April 7, 2018
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April 6, 2018
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April 4, 2018
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April 3, 2018
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March 29, 2018
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March 26, 2018
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March 21, 2018
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March 6, 2018
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February 22, 2018
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January 22-26, 2018
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January 18, 2018
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January 16, 2018
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January 15, 2018
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November 27, 2017 (5:30 - 8:00pm)
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October 24, 2017 (6:00-9:30 pm)
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September 20, 2017 (1:00 p.m. - 2:30 p.m.) ET
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Webinar - September 14, 2017 (10:00 - 11:30 a.m. ET)
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August 21-24, 2017
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July 21, 2017
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July 20, 2017
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June 13, 2017
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April 18, 2017
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April 5-6, 2017
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March 25, 2015
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March 11-13, 2015
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(February 4-5, 2015)
Clients rely on Sullivan's Finance Group for representation and advice in all aspects of sophisticated debt financing. Ranging from the term sheet/commitment phase through documentation to closing, as well as the workout and restructuring of credits and implementation of appropriate lender rights upon default, our broad experience enables us to represent clients efficiently and effectively in diverse transactions, including:
- Syndicated and single lender
- Secured and unsecured
- Senior
- Subordinated
- Multi-tranche
- Trade finance
- Export/import receivables financing
- Letter of credit facilities
- Forfaiting
- Trade credit insurance
An important part of our representation of clients is working with the providers of the various classes of capital in a financing. This experience allows us to anticipate and effectively negotiate intercreditor issues within and between classes and to implement appropriate intercreditor rights in defaulted transactions.
Our Finance attorneys are also members of Sullivan's International, Securitization, Tax, Real Estate and Bankruptcy & Restructuring Groups. The strong ties between these practices facilitate efficient structuring of transactions for our finance clients.
Clients
U.S. and international banks and non-bank institutional lenders seek our advice and representation in all kinds of domestic and cross-border debt, trade finance and credit enhancement transactions for a wide range of industries. We also represent both dealers and end-users in derivative transactions and are actively involved in the negotiation of International Swaps and Derivatives Association (ISDA) documentation (including collateral support annexes and other related collateral), as well as advising on swap regulatory issues under Dodd-Frank.
Getting to Next: Case Studies
Restructuring trade receivables securitizations to address changes in accounting treatment
Challenge
New accounting guidance effective in 2018 would have reduced operating cash flows for certain companies which securitize their receivables.
Getting to Next
Several companies asked our banking client who was financing their receivables to propose alternative securitization structures to minimize or eliminate this reduction. We helped the bank develop restructuring proposals which offered their corporate customers options which achieved the desired accounting goal but preserved the credit enhancement desired by the bank.
Our team included Duncan O’Brien, George Lindsay and Alex Notopoulos on corporate issues and Doug Stransky on tax matters.
Results
Different companies selected different solutions proposed by our client. We helped the parties work out the details of each solution and document the agreed resolutions, allowing the financings to remain in place but the negative accounting effects to be eliminated or minimized.
Accolades
- Sullivan's Finance Group was nationally ranked in the 2020 U.S. News – Best Lawyers "Best Law Firms" rankings.
Representative Client Work
Bank Client Transactions
- The agent bank in a $500 million syndicated multi-currency revolving credit and letter of credit facility to an international manufacturer and distributor of consumer products
- The asset-based lending division of a major bank holding company as agent bank in a $200 million syndicated secured revolving credit facility, and an associated $4.3 million bridge loan, to a lease financing company
- The sole bank lender in a $150 million pre-export financing for a foreign based borrower
- The sole bank lender in a $75 million unsecured term loan to a foreign joint venture supported by a guaranty from the U.S. parent of one of the co-venturers
- The administrative and collateral agent for the senior secured debtor-in-possession financing facility in the Chapter 11 proceedings of a pulp and paper manufacturer, a U.S. borrower, in connection with its $650 million syndicated multi-currency credit agreement
- A U.K. bank in a $300 million facility to a non-bank lender, with collateral in the United States, Chile, Luxembourg, England and France
Non-Bank Client Transactions
- A public records storage company in connection with the negotiation and closing of its $1.5 billion secured, syndicated revolving credit facility
- A private investment vehicle in connection with the negotiation and documentation of its $500 million revolving credit facility, secured by hedge fund collateral
- A senior housing real estate investment trust in connection with the negotiation and closing of its $513 million Fannie Mae mortgage financing
- Various office, hospitality and senior housing real estate investment trusts in connection with the negotiation and closing of their syndicated revolving credit and term loan facilities, with aggregate commitments totaling more than $4 billion
- Private firms in connection with aircraft acquisition financings, including both whole aircraft and undivided fractional interests in aircraft under the NetJets and Bombardier Flexjet fractional interest programs