Finance Law and Banking Law

BNP Paribas is seeking a Vice President - Legal Counsel to serve on the Asset Finance & Securitization (“AFS”) Legal team.

The global aviation leasing and finance market continues to navigate an era of unprecedented geopolitical risk.

Adopting Accounting Standards Codification (ASC) 842, Leases, introduces new considerations for companies with leases. One such complex consideration is accounting for the potential impairment...

On June 30, 2026, the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (“SEC”) issued an exemptive order granting an exemption from Rules 14e-1(a) and (b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for certain qualifying tender or exchange offers for non-convertible debt securities (“Five Business Day Tender Offers”). The SEC exemptive order supersedes the Staff’s 2015 no-action letter (the “2015 Letter”)[1] relating to Five Business Day Tender Offers and is effective immediately.

Six years after Serta Simmons Bedding (“SSB”) executed its famous, non-ratable uptier liability management transaction, Judge Christopher Lopez of the United States Bankruptcy Court for the Southern District of Texas...

The SEC's Office of Mergers and Acquisitions has issued a new exemptive order allowing tender and exchange offers for non-convertible debt securities to remain open for just five business days instead of the standard 20-day period. This order liberalizes the previous framework by permitting partial offers with proration, narrowing consent solicitation prohibitions, and expanding eligible participants. What are the key conditions that must be met for issuers to take advantage of this abbreviated timeline, an

Matthew Bisanz of Mayer Brown discusses the growing interest in national bank charters among cryptocurrency and digital asset companies, as well as marketplace lenders seeking industrial loan charters. The application process typically spans 18-24 months from conditional to final approval, with recent legislation appearing to target traditional de novo bank formation rather than fintech charter applications.

On July 13, 2026, the attorneys general of California, Connecticut, Hawaii, Illinois, Maine, Maryland, Massachusetts, Michigan, Minnesota, New York, Washington, and the District of Columbia filed an amicus brief...

The Senate Banking Committee has scheduled a confirmation hearing for Brian Johnson, President Trump's nominee to lead the Consumer Financial Protection Bureau. The hearing comes at a critical juncture as the CFPB undergoes significant restructuring efforts and faces multiple high-profile court proceedings. Johnson's testimony is expected to provide the first detailed public indication of his priorities for the Bureau and its future direction under the Trump Administration.

Each year, under the Bipartisan Budget Act of 2015 (“BBA”), US partnerships are required to appoint a US-based partnership representative, in order to act as a liaison with the Internal Revenue Service (“IRS”) and deal with any arising tax matters. The requirement to appoint a partnership representative applies to both US and non-US investment vehicles that elected to be treated as partnerships for US tax purposes.

Louis Lehot is a legal professional whose contact information and professional headshot are featured on Foley's website. His email address is provided for direct communication regarding legal matters and professional inquiries.

Recent research reveals that approximately 25% of active venture capital funds faced litigation between 2014-2025, challenging the industry's self-perception as non-litigious. As startups remain private longer and raise unprecedented capital, VCs find themselves increasingly named as defendants due to their governance involvement and status as solvent parties when portfolio companies fail. What does this emerging litigation landscape mean for how venture investors approach board participation, operational i