Practice Areas & Industries: Greenberg Traurig, LLP

 





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Practice/Industry Group Overview

Steady population growth and a marked increase in the pace of real estate development over the past decade have affected state and local governments across the country. They are increasingly challenged to meet public infrastructure needs, from airports and expressways to schools and other public projects. These governments face the challenges of financing and strategic planning, while limited resources add to the pressure of how funds are allocated.

At Greenberg Traurig, we don’t just advise our clients on immediate needs - we help them develop and implement long-term financial strategies. Our Public Finance Practice brings together an interdisciplinary team of attorneys from our Securities, Banking, Tax, Land Use, Creditors’ Rights Litigation and Real Estate Practices. We provide clients with legal services tailored to their particular public finance needs. Our attorneys have participated in a wide range of public projects and programs, including education, roads and bridges, transportation, community redevelopment, utilities, health care, single and multifamily housing, 501(c)(3) organizations, community development and industrial development.

The attorneys in our national practice group serve as bond, underwriter’s, issuer’s, borrower’s, special tax and disclosure counsel for all types of financings by public entities throughout the United States. Our clients include states, counties, municipalities, school districts and many different kinds of special purpose units of local government. We also serve as counsel to financial institutions acting as trustees, credit enhancers, liquidity providers and institutional purchasers. Our team is particularly well known for our single-family and multifamily housing finance work; we advise many residential real estate developers and lenders on tax-exempt financing. We also focus on public education and community development district financings, among other areas.

The Greenberg Traurig Public Finance Team has experience in structuring complex transactions and has attorneys who specifically focus on the tax aspects of municipal finance. This concentration also allows us to represent parties in dealing with the Internal Revenue Service Tax-Exempt Bond Office.

Finally, Greenberg Traurig is one of a small group of firms nationally focusing on secondary market tax-exempt bond transactions such as tender option bond programs, total rate of return swaps and other derivative transactions. We are often able to assist clients in achieving significant savings by using these structures. The Greenberg Traurig Public Finance Team is also able to draw on the experience, capabilities and resources of the firm’s nationwide team of attorneys and governmental affairs professionals.

Public Finance Legal Services

  • General obligation and revenue bond financings
  • Community development districts and special tax district financings
  • Bond validation proceedings, including contested proceedings
  • Short-term financings through revenue, tax, and grant anticipation notes
  • Financings authorized under ARRA, including BABs, QZEDBs, QZFBs, and QSCBs
  • Tax-exempt lease, lease-purchase, and installment purchase financings
  • Municipal liability insurance
  • Public-private partnerships
  • Interest rate swaps and other derivatives
  • Multimodal financings
  • Workouts and restructurings
  • Issuers’ presentations to ratings agencies

Project Experience

  • Education
  • Health care
  • Water and sewer
  • Solid waste
  • Resource recovery
  • Single/Multifamily housing
  • Industrial development
  • Community development
  • Capital equipment
  • Transportation
  • Mass transit
  • Airport
  • Seaport
  • Public safety
  • OPEB liability funding
  • Roads and bridges
  • Transit systems
  • Expressways
  • Turnpikes
  • Criminal justice
  • Electric utility
  • Electric power
  • Pollution control
  • Water management
  • Convention
  • Sports and trade facilities
  • University
  • Redevelopment
  • Municipal liability insurance
  • New markets tax credits

Rankings

GT consistently ranks among the top bond, disclosure and underwriter’s counsel firms according to nationwide and statewide rankings compiled by Thomson Financial and reported in The Bond Buyer, a nationally recognized municipal finance publication. The rankings are based on the aggregate dollar amount of publicly offered long-term tax-exempt bond financings, and do not include short-term instruments, private or direct placements or remarketings. Set forth below are the Firm’s national and state rankings for 2014:

As Bond Counsel:

  • No. 8 among the top U.S. bond counsel firms, based upon our having issued approving opinions on $7.7 billion of publicly offered, long-term tax-exempt bonds in 77 financings
  • No. 2 among the top bond counsel firms in Arizona, based upon our having issued approving opinions on $1.6 billion of publicly offered, long-term tax-exempt bonds in 24 issues
  • No. 9 among the top bond counsel firms in Colorado, based upon our having issued approving opinions on $15.7 million of publicly offered, long-term tax-exempt bonds in one issue
  • No. 1 among the top bond counsel firms in Florida, based upon our having issued approving opinions on $2.5 billion of publicly offered, long-term tax-exempt bonds in 48 issues
  • No. 28 among the top bond counsel firms in Illinois, based upon our having issued approving opinions on $18.5 million of publicly offered, long-term tax-exempt bonds in one issue
  • No. 1 among the top bond counsel firms in Puerto Rico, based upon our having issued approving opinions on $3.5 billion of publicly offered, long-term tax-exempt bonds in one issue
  • No. 27 among the top bond counsel firms in Texas, based upon our having issued approving opinions on $114.2 million of publicly offered, long-term tax-exempt bonds in two issues

As Disclosure Counsel:

  • No. 14 among the top U.S. disclosure counsel firms, based upon our having issued disclosure opinions on $2.5 billion of publicly offered, long-term tax-exempt bonds in 33 issues
  • No. 2 among the top disclosure counsel firms in Arizona, based upon our having issued disclosure opinions on $108.3 million of publicly offered, long-term tax-exempt bonds in five issues
  • No. 14 among the top disclosure counsel firms in California, based upon our having issued disclosure opinions on $2.5 billion of publicly offered, long-term tax-exempt bonds in 33 issues
  • No. 8 among the top disclosure counsel firms in Colorado, based upon our having issued disclosure opinions on $11 million of publicly offered, long-term tax-exempt bonds in one issue
  • No. 5 among the top disclosure counsel firms in Florida, based upon our having issued disclosure opinions on $406.5 million of publicly offered, long-term tax-exempt bonds in 9 issues
  • No. 2 among the top disclosure counsel firms in Georgia, based upon our having issued disclosure opinions on $496.8 million of publicly offered, long-term tax-exempt bonds in seven issues
  • No. 4 among the top disclosure counsel firms in Massachusetts, based upon our having issued disclosure opinions on $243.9 million of publicly offered, long-term tax-exempt bonds in three issues
  • No. 7 among the top disclosure counsel firms in Texas, based upon our having issued disclosure opinions on $676.7 million of publicly offered, long-term tax-exempt bonds in two issues

As Underwriter’s Counsel:

  • No. 7 among the top U.S. underwriter’s counsel firms, based upon our having served as underwriter’s counsel on $6.8 billion of publicly offered, long-term tax-exempt bonds in 95 financings
  • No. 1 among top underwriter’s counsel firms in Arizona, based upon our having served as underwriter’s counsel on $2.2 billion of publicly offered, long-term tax-exempt bonds in 35 issues
  • No. 7 among the top underwriter’s counsel firms in California, based upon our having served as underwriter’s counsel on $6.8 billion of publicly offered, long-term tax-exempt bonds in 95 issues
  • No. 3 among top underwriter’s counsel firms in Colorado, based upon our having served as underwriter’s counsel on $192.3 million of publicly offered, long-term tax-exempt bonds in three issues
  • No. 1 among the top underwriter’s counsel firms in Florida, based upon our having served as underwriter’s counsel on $1.2 billion of publicly offered, long-term tax-exempt bonds in 17 issues
  • No. 7 among the top underwriter’s counsel firms in Massachusetts, based upon our having served as underwriter’s counsel on $175 million of publicly offered, long-term tax-exempt bonds in two issues
  • No. 9 among the top underwriter’s counsel firms in Texas, based upon our having served as underwriter’s counsel on $1.3 billion of publicly offered, long-term tax-exempt bonds in 14 issues

In addition, GT’s U.S. offices are listed in the most recent edition of The Bond Buyer’s Municipal Marketplace (also known as “The Redbook”).


 

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Articles Authored by Lawyers at this office:

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Richard M. Cutshall, September 24, 2015
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Eleventh Circuit: Enhanced TILA Disclosure and Remedies Not Applicable to UCC Article 9 Fixture Filers, As No Security Interest Created in Consumers’ Homes
Murray B. Silverstein,Jonathan S. Tannen, September 01, 2015
The Eleventh Circuit recently ruled that fixture filings do not expose lenders to the enhanced disclosure requirements or remedies of the federal Truth in Lending Act (TILA), holding that a security interest in goods-even if the goods are deemed fixtures-does not extend to consumers’ homes.

U.S. Treasury Releases More Workable Proposed Regulations on ‘Issue Price’ for Municipal Bonds
Linda L. D'Onofrio,Vanessa Albert Lowry, July 03, 2015
On June 24, 2015, the U.S. Department of the Treasury (Treasury) published in the Federal Register new proposed regulations (the New Proposed Regulations) under Section 148 of the Internal Revenue Code of 1986, as amended (the Code) amending the definition of “issue price” (issue price)...