Practice/Industry Group Overview
Corporate trust attorneys at Duane Morris have long and extensive experience in representing some of the largest financial institutions in the United States in connection with their appointment and administration as indenture trustee under corporate and municipal indentures, as master trustee, owner trustee and pass-through trustee, as escrow, collateral, paying and tender agent, and in a variety of other financial intermediary capacities.
Consequently, Duane Morris has developed a keen and an in-depth understanding of the legal framework governing trust indentures and the corporate trust industry, and particularly in advising indenture trustees and other financial intermediaries with regard to their rights and duties in connection with the day-to-day administration and services under the indentures, other agreements and the underlying rules and regulations, as well as in connection with successions, defaults, bankruptcies, and more complex and unusual legal situations and issues.
Our corporate trust representation experience includes:
- Traditional corporate debt issues
- Unsecured as well as secured transactions
- Municipal and revenue bonds issues
- Leveraged lease transactions, including aircraft, rail cars, vessels, power plants
- Sale lease-back transactions
- Mortgage backed securitizations
- Asset backed securitizations
- Project financings, including power generation and telecom
- Multi tier debt issues
- Master trust structures
- Stranded cost securitizations
- Exchange offers
- Consent solicitations
We also represent trustees in connection with post closing administration issues, default and default administration matters and bankruptcies, and general compliance reviews.
Articles Authored by Lawyers at this office:
United Kingdom Budget 2015: Key Points
Jenny Wheater, April 06, 2015
The UK Chancellor of Exchequer, George Osborne, delivered his 2015 Budget Speech to the House of Commons on 18 March 2015. This Alert highlights the key announcements made. Some of them were expected since they derive from draft legislation released in December. Others are new and their full...
UK Finance Bill 2015 -- Draft Clauses Published
Jenny Wheater, March 02, 2015
Draft clauses of the UK Finance Bill 2015 were published on 10 December 2014. They will now be the subject of consultation until 4 February 2015. This Alert provides more details on the most significant measures contained in the draft Finance Bill. It is not intended to be exhaustive but to provide...
Summary of EU Changes to the Rule on VAT Place of Supply of Services
, February 17, 2015
From 1 January 2015, VAT payable on the supply of digital services (telecommunications, broadcasting and electronic) will be determined by the location of the consumer in all circumstances. This means that VAT on digital services supplied will be paid for in the consumer's country and charged at...
Latest Developments in Regulation of XXX/AXXX Captives
, February 16, 2015
The National Association of Insurance Commissioners (the "NAIC") is forging ahead with its work on captive insurance companies used by life insurance companies to finance reserves required under current regulations; these reserves are commonly referred to as "XXX reserves" for...
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...