Ted Farris
PEOPLE

Ted Farris

Partner
farris.ted@dorsey.com
New York P +1 (212) 415-9351 F +1 (212) 953-7201

Overview

TED IS A GENERAL CORPORATE ATTORNEY WITH BROAD EXPERIENCE IN INTERNATIONAL MERGERS AND ACQUISITIONS AND CORPORATE FINANCE  MATTERS.

Ted also is experienced in going private and going dark transactions as well as representations of Boards of Directors and special committees in M&A and conflict situations in addition to general corporate and compliance representations.  Ted has substantial international experience in Europe, Asia and Latin America with particular country experience in China, Germany, India, Indonesia, Japan, Norway, Russia and the United Kingdom.  In addition to working on several dozen international and domestic M&A transactions and over 150 significant capital markets transactions, Ted has also been active in matters involving corporate and high-yield debt restructuring work, representing bondholders, issuers, bondholder committees, collateral agents and trustees. Such restructuring work has included public and private, domestic and cross border exchange offers, consent solicitations, indenture amendments and new money issuances for troubled debt restructurings.

Education & Admissions

Fordham University School of Law (J.D.), cum laude; Articles Editor, Fordham Law Review

Columbia College (B.A.)

Admissions

  • New York

Experience

Representative Transactions

  • Regular representation of large multinational M&A client in acquisitions and dispositions in the automotive, power tools, electronics and consumer products.
  • Representing an Indian pharmaceutical company in acquisitions of generic pharma products from large multinational pharmaceutical companies.
  • Representing an international telecommunications network equipment provider in numerous strategic and private equity investments and corporate restructurings.
  • Acted as U.S. counsel to the property fund of the Russian Federal Government in the privatization and initial public offering of LUKoil on the London Stock Exchange.
  • Acted as U.S. counsel to Daimler-Benz Aktiengesellschaft, a German company, in connection with numerous financings, including its registered public offering of approximately DM1.0 billion principal amount of 5¾% Subordinated Mandatory Convertible Notes, including rights to purchase such Notes and ADNs and Deutsche Mark book-entry securities representing such Notes.
  • Acted as U.S. counsel to a large international beverage company and its subsidiaries in connection with its US$3.0 billion Euro Medium Term Note Programme and annual updates thereof and as U.S. counsel to Banco Comercial Português, S.A. in connection with annual updates of its €25.0 billion Euro Medium Term Note Programme.
  • Acted as U.S. and international counsel to underwriters in numerous Rule 144A and Regulation S offerings by Indian issuers, including government of India privatization transactions as well as corporate transactions for large Indian companies.
  • Worked on strategic investments in Russian oil and telecommunications assets, including VimpelCom.
  • Acted as counsel to buyer or seller in numerous cross-border M&A and joint venture transactions in the telecommunications, auto parts, pharmaceutical, energy, insurance, mining, airline and other industries.
  • Acted as counsel to Noteholders in connection with the restructuring of a $125 million high yield Note issue by Anker Coal Company, including private issuance of New Notes and Warrants and a private exchange offer. This transaction ultimately enabled WL Ross & Co. to acquire Anker Coal.
  • Acted as counsel to a large Japanese bank in connection with the Asia Pulp & Paper restructuring and litigation which involved APP's repudiation of $1.0 billion of high yield secured bonds for which the Japanese bank acted as Collateral Agent.
  • Assisted as counsel to Western Union in connection with its multi-year corporate restructuring, asset sales, exchange offers, indenture amendments and insolvency proceedings as well as the sale of the company to First Financial Management Corporation.
  • Acted as counsel to issuer or underwriters in over 150 public offerings and private placements, including numerous initial public offerings, among them Reebok, Wheelabrator Technologies and LUKoil.
  • Assisted in the liquidation of the international assets of Reliance Insurance Company, including the auction sale of Moody International Ltd.
  • Acted as Counsel to U.S., Canadian and Australian mining companies in numerous financings.
  • Counsel to Boards of Directors and special committees in connection with U.S. Exchange Act deregistration, going private and going dark transactions, including for Airspan Networks Inc., Viatel and W.P. Stewart & Co., and numerous China-based issuers.

News & Resources

Articles

Delaware Court Authorizes Seizure of Chinese Company’s Assets in Books and Records Case
"Going Dark" - The Simple Path to Exiting the U.S. Public Company Reporting System - Delisting and Deregistration under the U.S. Securities Exchange Act of 1934 Update
US Jumpstart Our Business Startups Act – Implications for Indian Issuers and Financial Institutions
The Practical and Legal Implications of Janus for Non-Issuers: Limiting Primary Rule 10b-5 Liability for Offering Document Misstatements to the Person with Ultimate Authority over the Statement
Implications of Morrison v. National Australia Bank Ltd.—US Supreme Court Limits Extraterritorial Application of Rule 10b-5 Adopting Location Based Bright Line Test for Securities Transactions—Rule 10b-5 Does Not Apply to Transactions in Securities Outside the United States
Non-U.S. Issuers – Best Approaches to Delisting and Exiting the U.S. Reporting System Through Deregistration Under the U.S. Securities Exchange Act of 1934
"Going Dark” - Voluntary Delisting and Deregistration under the Securities Exchange Act of 1934 - The Attractions of the “Dark Side”
"Exchange-Offer Alternatives for Issuers of Debt Securities," Andrews Litigation Reporter
Playback: The Financial Crisis: Practical Responses for Companies Webinar

News & Press Mentions

Dorsey Partner Ted Farris discusses companies going dark in the Star Tribune
Dorsey & Whitney Named Capital Markets Law Firm of the Year-North America by Lawyers World Law
Dorsey Partner Ted Farris Discusses the Seizure of Chinese Company's Assets in The Asset
Dorsey Partner Ted Farris Quoted in The Asset on China's Delisting Trends
Dorsey & Whitney November 14 Program to Focus on Going Private and Going Dark for Chinese Companies
“American Investment Experts Discuss Facebook IPO” (Interviewed), Tencent

Industries & Practices

Bankruptcy & Financial Restructuring
  • Asia-Pacific
  • Banking
  • Bankruptcy & Financial Restructuring
  • Capital Markets
  • China
  • Emerging Companies
  • Energy
  • Europe
  • Food, Beverage & Agribusiness
  • Health Care
  • India
  • Mergers & Acquisitions
  • Mining & Natural Resources
  • Private Equity
  • Public-Private Partnerships
  • Telecommunications
Ted Farris