Quateman LLP includes among its clients several banks which we advise on a variety of matters, including loan and security documentation and loan restructuring and modification.
Quateman LLP also offers restructuring and workout services to its banking clients. The firm served as counsel to the Resolution Trust Corporation (RTC), the federal entity which handled the savings and loans crisis of the early 1990s, and more recently is counsel to the Federal Deposit Insurance Corporation (FDIC) in numerous and complex finance matters. We have served banks and the FDIC to successfully negotiate workouts and loan portfolio sales, including hundreds of troubled loan solutions, and we have specialized experience in connection with the FDIC's special statutory powers as receiver of failed banking institutions, as well as its loss share agreements and structured transactions.
Over the past few years we have assisted FDIC and bank counsel with a wide variety of matters, including in the following areas:
• reservation of rights letters
• loan modifications
• assignment of loans through the myriad capacities of the FDIC to the purchasing entity
• forbearance agreements
• asset sales including transactional documents and user interface text for internet data rooms
• bulk asset sales agreement
• sealed bid and auction real property sales documents
• conveyance documents
• seller financing documents.
Quateman LLP also specializes in restructuring and creditors' rights for its private clients, including financial institutions and other secured creditors, unsecured creditors and debtors. The firm's expertise ranges from negotiating workouts and voluntary liquidations outside of court to representing sellers and prospective purchasers of distressed assets. Quateman LLP distinguishes itself by finding creative and practical solutions to complex business and legal issues.
Quateman LLP has also successfully handled resolution of disputes arising out of bank conservatorship and receiverships, including the following examples:
• issues relating to draws on letter of credit and other loan enforcement matters
• analysis of claims and rights relating to a series of loans, including advice regarding pursuing guarantors
• interpretation of purchase and assumption agreements
• interpretation of portfolio loan sale agreement
• dispute resolution involving the sale of a major division of a bank
• landlord-tenant issues, including negotiation of a significant payment settlement of a dispute relating to furniture and equipment
• analysis of obligations relating to unfunded loan commitments
• analysis of rights and obligations relating to default interest and collateral sale proceeds
• analysis of rights and obligations under recorded subdivision CC&Rs
Quateman LLP serves as counsel to issuers, underwriters and credit providers. The firm offers extensive corporate, securities and real estate expertise to complement the bond practice, which encompasses a wide variety of financings, including many water, power, airport, port, transportation, redevelopment and pollution control transactions.
Beginning in the early 1990s, the firm was accepted into the California State Treasurer’s pool of bond counsel. Since then we have worked on over 130 financings with progressively more responsibility. Today we are one of the most active law firms in the municipal bond marketplace, having worked on the issuance of billions of dollars of bonds. We have served as bond, disclosure, issuer's, special, underwriter's, trustee's and bank counsel in a wide variety of transactions, including new credits and bonds issued pursuant to new legislation. We have particular expertise advising airports and ports in public finance matters. The firm has dealt with bond structure, taxable/tax-exempt blending, crossover refinancing, forward delivery, fixed and variable rate offerings, redemption provisions, refunding, cross calling, defeasance, investments and liquidity facilities.
Thomson Municipal has ranked Quateman LLP in the top ten bond counsel firms in the nation. We are listed in The Bond Buyer’s Municipal Marketplace Directory, aka the "Red Book," giving us the ability as nationally recognized bond counsel to provide a written opinion as to the legality of any bond, note or certificate issue. We have given opinions at closing in various bond transactions as bond, disclosure, underwriter’s, trustee’s and special counsel. Lisa Greer Quateman has served as a litigation consultant with expertise in municipal finance on behalf of State Street Bank & Trust Company and the U.S. Securities and Exchange Commission.
In addition to familiarity with more traditional debt structures, we have experience documenting new, complex and unique financing arrangements, including loans to limited liability companies, LIBOR-based variable rate and shared appreciation loans. Examples of recent transactions include: numerous public debt offerings in which the firm has served as bond, underwriter’s or disclosure counsel, including bond transactions involving letters of credit, swaps, auction rate securities and guaranteed investment contracts; counseling regarding rights, remedies and documentation in other secured transactions involving real and personal property and acting for corporate and partnership clients in debt and equity offerings.
Click on the icons below to download Official Statements from recent transactions.
LAX-RB2009
Issuer: Department of Airports of the City of Los Angeles
Description: Los Angeles International Airport, Revenue Bonds, Series 2009
Firm's Role: Disclosure Counsel and Co-Bond Counsel
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SFO-2009C SFO-2009D SFO-2009E
Issuer: San Francisco International Airport
Description: Revenue Refunding Bonds (Series 2009C, 2009D and Second Revenue Refunding Bonds, 2009E)
Firm's Role: Co-Bond Counsel
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CalGO-Ref&Var09
Issuer: State of California
Description: Various Purpose General Obligation Bonds and General Obligation Refunding Bonds, 2009
Firm's Role: Underwriters Counsel
