October 1, 2008
Firm Announces Formation of Financial Crisis Working Group
MINNEAPOLIS (September 30, 2008) — With businesses and financial institutions facing increasing challenges as the financial crisis deepens, the international law firm of Dorsey & Whitney, LLP has created a Financial Crisis Working Group which brings together the firm’s expertise and strategic problem solving capabilities to advise clients coping with the rapidly changing financial landscape in the U.S. and around the globe.
The Working Group has access to resources across all of Dorsey’s offices in U.S., Europe, and Asia and includes lawyers with backgrounds in financial services, bankruptcy and restructuring, real estate, litigation, and government affairs. The Group is working with clients on the impacts of the unprecedented legislation working through Congress aimed at bringing stability to the international financial system, including banking, corporate finance and real estate markets. Proposals in the legislation could affect a broad array of issues including distressed loans, executive compensation, financial institution asset sales, mortgage foreclosures, and many others. Regulatory and market changes will also affect virtually everyone.
“Obviously, the financial services industry is under significant stress and is undergoing profound changes. Creation of the Working Group enables us to bring all of the resources of the firm to assist companies, financial institutions and individuals impacted by these events, “ said Marianne D. Short, Managing Partner of Dorsey & Whitney.. “Our substantial experience, expertise, and depth in financial services will assist our clients as they navigate through uncertain and challenging times. We can advise clients on how to respond to any new legislation as well as how to address their current financial concerns.”
This Digest is designed to assist you in understanding the principal features of the Emergency Economic Stabilization Act of 2008. This piece acts as a topical digest of the legislation, highlighting the principal features and topics. We've provided this resource to help you determine how this legislation might affect your business and legal affairs.