Shale Boom Brings Challenges to the Banking Industry
Residential mortgage lenders used to pay little attention to oil and gas
leases. Then came the drilling boom in
the Marcellus and Utica shales and a spate of negative publicity about the
potential adverse effects of fracking. Our firm has been engaged in an ongoing
project to review oil and gas leases in connection with loans secured by
mortgages on residential properties. We
advise our lender client regarding whether the lease contains sufficient
protections for the borrower and the bank that the loan can or should be made.
We also review requests from oil company lessees that the bank’s existing mortgage
be subordinated to their leases.
Counseling a New Public Company in the Software Industry
The attorneys at Kegler Brown took over representation of a newly public company in the software industry. Our attorneys counseled the management team in complying with federal and state securities laws in connection with the new public company status, undertaking fund raising efforts, managing corporate finance issues, and meeting mandated reporting requirements. Our team also helped them make decisions regarding the registration of selling stockholder shares, which involved extensive counseling and intense education of the officers, board of directors and committees regarding the company's securities and other public company requirements and obligations. Kegler Brown has become the growing company's trusted advisor and works closely with the executive team in managing all aspects life as a public company.
Creation of Dual-Rail Industrial Park
The lawyers at Kegler Brown acted as counsel to a community-based private non-profit economic development organization to acquire land through a state grant for the purpose of creating an industrial park that could be served by two competing railroads. Since the land located in the “dual-rail park” could be served by either railroad, it gave industries locating there a competitive edge when negotiating for rail transportation. In addition, because the land was acquired by a state grant, the land was offered at attractive prices (or even free) to prospective companies as an incentive to locate in the community. As a result, the community was able to attract several new companies that served the just-in-time needs of the automotive industry and created hundreds of jobs in the process.
Exchange of Real Property Between U.S. Army and Private Industrial Park
Kegler Brown acted as counsel to a privately owned industrial park to acquire adjoining land from the U.S. Army through a federal exchange program in which the private party obligates itself to construct a facility at another government-owned facility and then exchanges the new facility for the property it actually desired to acquire, namely the adjoining U.S. Army-owned land. Our firm was integral to the negotiations, including navigating through the maze of government requirements for the exchange that included approval of Congress.
Outside General Counsel to Growth Apparel Company
The lawyers at Kegler Brown serve as outside general counsel for a well known growth-stage apparel company, including substantial advising on day-to-day IP strategy and obtaining clearance on apparel designs that are core to the company’s business model.
Providing Strategic Counsel for a Global Online Payment Company
Led by Vinita Bahri-Mehra, Kegler Brown has become outside general counsel to a large, international online payment processing company that operates in more than 196 countries. Our role involves a close partnership with the leadership team and advising on a comprehensive range of corporate and company governance issues. Projects for this client include assisting on key tax and regulatory issues in setting up operations in India for an online payment service, as well as managing the company’s comprehensive global IP portfolio.