Dechert Partners Publish The Bank Investor’s Survival Guide
Dechert LLP announces the release of The Bank Investor’s Survival Guide: A Guide for Private Equity, Hedge Fund, Mutual Fund and Activist Investors to Navigate U.S. Federal Bank Investment Rules. The Guide, authored by Thomas Vartanian, David Ansell and Robert Ledig, is a roadmap to structure investments in banking companies to limit Bank Holding Company Act (BHCA) and other bank control restrictions. It also describes how investors can legally influence the company’s performance, including conducting proxy contests, without triggering control rules.
The authors discuss fund aggregation issues that frequently impact mutual fund complexes, and a range of new Dodd-Frank limitations which will impact the value of a bank investment. They include acquisition hurdles, the Volcker Rule, living wills and the FDIC’s new authority to act as Receiver for non-bank financial companies and circumvent federal bankruptcy.
“Our clients increasingly require sophisticated analyses of complex bank control rules to structure investments in conformity with the BHCA and change in control rules," said Vartanian. "With four decades of experience drafting and interpreting federal bank control rules in healthy and failing bank acquisitions, we have a unique set of insights that we wanted to share with our clients.”
To request a copy of The Bank Investor’s Survival Guide: A Guide for Private Equity, Hedge Fund, Mutual Fund and Activist Investors to Navigate U.S. Federal Bank Investment Rules, please contact Kara Hardie. To register for Dechert’s June 16th “What Funds Need to Know About Investing in Financial Companies in 2016” seminar in New York City, please click here.
Dechert's financial services practice is comprised of approximately 180 lawyers practicing in 16 offices across the United States, Europe, Middle East and Asia. The firm is a legal adviser of choice for 18 out of the 20 largest global asset managers, advising on matters with complicated cross-border elements and varying legal structures.
About Dechert
Dechert is a global specialist law firm focused on sectors with the greatest complexities and highest regulatory demands. We deliver practical commercial insight and judgment to our clients’ most important matters. Nothing stands in the way of giving clients the best of the firm’s entrepreneurial energy and seamless collaboration in a way that is distinctively Dechert.
