Practice Areas & Industries: Duane Morris LLP


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Practice/Industry Group Overview

Today's capital markets reward ingenuity. As traditional sources of debt and equity have all but disappeared, companies seeking financing and those providing it require innovative methods of raising funds. As the markets come under ever-changing regulatory scrutiny, participants embracing novel methods of financing must be fully aware of the constantly evolving rules of the game.

Duane Morris helps large companies, middle market companies, emerging growth companies and a variety of other businesses navigate this volatile regulatory environment. With broad experience in various investment strategies, our Capital Markets lawyers guide clients to the proper financing techniques tailored for each specific set of circumstances. Companies seeking financing require both sources of capital and investors with the fortitude to consummate the transaction. Duane Morris brings parties together and works closely with them to structure and close the deal.

Our attorneys understand the difference between simply assisting our clients to draft offering and disclosure documents and helping guide them to opportunities, investors and relationships; thus we are able to leverage our industry knowledge and contacts with underwriters, investment banks, hedge funds and PIPE funds to identify possible partners who can help our clients grow their businesses in an efficient manner.

Our significant experience in representing issuers, underwriters, investment banks and investors in public and private offerings allows us to better understand market expectations, the interests of the parties to these transactions, the business needs of our clients and the need for efficient execution and speed to market.

M&A and Complex Transactions

The Capital Markets Group performs a wide range of complex corporate transactions, including mergers and acquisitions, hostile and friendly tender offers, going private transactions, the conversion of mutual insurance companies, the formation of downstream holding companies for insurance companies, financial services securities matters, bank holding company matters and the conversion of savings and loan associations. Our lawyers apply their knowledge of securities laws and financing trends to assist clients in consummating these often difficult transactions in an innovative, cost-effective and timely manner.

The group counsels clients in structuring, negotiating and consummating acquisition, sale and change of control transactions, both friendly and unfriendly. The firm often handles these transactions when they involve companies in regulated industries, such as banking and insurance.

Corporate Compliance, Regulatory Matters and Governance

In the United States, we guide our clients through a regulatory environment that is in a constant state of change, as it continues to evolve through the impacts of legislation including Sarbanes-Oxley (SOX), Dodd-Frank and the JOBS Act. We assist in the preparation of periodic SEC reports, filings and advice in connection with insider transactions (including Section 16 and Section 10(b) and Rule 10b-5), Regulation FD disclosure obligations, option and other equity-based compensation plans, spin-offs, going private transactions, tender offers, proxy contests, corporate restructurings, change in control and other transactional (M&A) events and assisting Audit, Compensation and Nomination Committees in complying with the requirements of the SEC and national securities exchanges. We also assist our clients with corporate governance counsel and reporting; prepare no-action letter and interpretive requests; and provide a variety of legal opinions under the federal securities laws. We regularly advise boards, their committees and their financial advisors regarding fiduciary duties and other corporate governance issues, including management succession and compensation, board composition and structure, conflict of interest avoidance, and specific NYSE and NASDAQ corporate governance requirements.

In the United Kingdom, we advise in relation to takeovers of public companies where the City Code Rules apply and help companies to understand the ever-changing rules and guidelines on corporate governance issues. We also advise a wide range of companies on the extensive application of the UK financial services regime, including authorization by the Financial Services Authority (FSA) on regulatory filing and reporting requirements.

Public Offerings

We represent public companies and companies seeking to access public markets in initial public offerings (IPOs) and other structures, including alternative public offerings (APOs), direct public offerings (DPOs), special purpose acquisition companies (SPACs), as well as debt or hybrid securities secondary offerings of equity. When representing issuers, we typically become involved in all aspects of corporate and business planning and structuring, including preparation of registration statements and prospectuses, assistance in negotiating underwriting and placement arrangements, preparation of listing applications on NYSE and NASDAQ in the U.S., the SGX in Singapore, and the LSE's full list as well as AIM and PLUS Markets in the UK, and related transactional aspects of the offerings. We also have extensive experience representing investment banks, placement agents and investors.

Articles Authored by Lawyers at this office:

SEC Adopts "Regulation A+" Rules
Darrick M. Mix,Howell J. Reeves,Barry Steinman,Sandra G. Stoneman, April 27, 2015
On March 25, 2015, the U.S. Securities and Exchange Commission (SEC) adopted final rules amending Regulation A under the Securities Act of 1933.[1] Regulation A, as amended (which is referred to as "Regulation A+"), is designed to increase access to capital for nonpublic companies and...

Vietnam’s New Investment Law Paves the Way for More M&A - No More Investment Certificates!
Giles T. Cooper,Nhan T. Le,Manfred Otto, March 18, 2015
Good news for M&A in Vietnam! Effective 1 July 2015, foreign investors won’t need to undergo lengthy investment certificate procedures when buying stakes in Vietnamese target companies. The change, introduced by the new Investment Law, will hopefully end years of uncertainty and frustration...

UK Chancellor of the Exchequer Issues Annual Autumn Statement
, February 16, 2015
UK Chancellor of the Exchequer George Osborne delivered his annual Autumn Statement on 3 December 2014. This Alert highlights the key contents of the statement, but the detail of the proposals will become apparent only on the publication of the Finance Bill next week. We will issue another Alert at...

New Investment and Enterprise Laws - Meaning Reform or Minor Fiddling? Oliver Massmann
Oliver Massmann, January 30, 2015
On 26 November 2014, the National Assembly of Vietnam passed Law No. 67/2014/QH13 on Investment (“2014 Investment Law”) and Law No. 68/2014/QH13 on Enterprises (“2014 Enterprise Law”), both will replace the Investment Law and Enterprise Law in 2005 by 01 July 2015. Major...

New PPP Decree - Coming Soon: Enhanced Legal Framework for Infrastructure Projects in Vietnam
Manfred Otto, January 23, 2015
Vietnam is finalizing a much improved legal framework for public-private partnerships (PPP) with the goal to revitalize investment in infrastructure projects. The latest Ministry of Planning and Investment (MPI) drafts of the PPP Decree and the Investor Selection Decree provide more clarity...