Within the Business Law Section, Briggs and Morgan has assembled an impressive team of attorneys who successfully handle securitization matters involving securities, tax, ERISA, secured transactions, corporate, bankruptcy and contract law. In the dynamic and time-pressured world of structured finance, we cater to clients of all sizes and backgrounds, including issuers, underwriters and underwriters’ counsels.
Securitization is a transaction in which an owner of whole loans, installment sales contracts or other types of financial assets sells those assets to a trust, and interests in the trust are sold in publicly registered transactions or private placements. Today's electronic environment eliminates the distance between Briggs and Morgan and New York-based underwriters and underwriters' counsels, while our Midwest location provides the advantage of offering competitive fees to our clients.
Shareholder Jim Vose, armed with more than 25 years of legal experience, coordinates our securitization practice while dealing with issues relating to transaction structure and the interrelation of the various substantive legal areas involved in each transaction. As a team, Briggs’ securitization attorneys are skilled in solving securities law issues related to the issuance of both public and private securities by securitization vehicles; dealing with difficult secured transactions and bankruptcy law issues resulting from securitization transactions; understanding the limitations of ERISA and the Internal Revenue Code as each affects the ability to invest in securities issued by qualified plans; and handling tax issues in the structuring of transactions, which include REMIC, grantor trust and owner trust issues.
In tailoring services for clients, our securitization attorneys work closely with other members of the Business Law Section who can assist with the preparation of disclosure documents, SEC filings and the numerous transaction documents necessary to complete the securitization process.