COVID-19 Focus on Financial Services and Finance

Financial Services and Finance

As the COVID-19 crisis complicates financial transactions, industry participants require sophisticated legal counsel to navigate the rapidly changing environment and respond to opportunities and challenges. With more than 300 members throughout the firm, Holland & Knight's Financial Services Team has the depth and experience to effectively serve borrowers and lenders in all of their legal needs, including: navigating regulatory and tax compliance expectations, covenant breaches, advice regarding material adverse change clauses, managing default triggers, collateral considerations, including real estate, enforcement, workout matters, including forbearances, receiverships and foreclosures, privacy and compliance concerns.
Primary Contacts: Matthew Fontane, Cindy Brazell, Jim Chadwick, Loren Higgins and John Decker

Financial Services Publications

Recorded Financial Services Webinars

Financial Frenzy: Financial Options and New Laws Related to COVID-19

Regulatory Issues Related to Financial Institutions

Our Financial Services Regulatory Team can assess the impact of various federal, state, and local orders to limit operations on the business activity of bank branches, bank processing centers, investment product offices, residential mortgage finance lenders, ancillary service providers and more. Clients that originate or service student loans, auto finance transactions, credit cards, commercial loans, money services businesses, and real estate finance may also face these issues. Handling of all transactions and laws impacting suspicious activity and sanctions reporting are issues our team can discuss with you, and our relationships with state and federal financial services regulators can help secure the guidance needed. Additionally, as banks continue to evaluate the economic impact of the current health crisis on their consumer and institutional borrowers, and consider loan modifications, work-outs, forbearances, and similar measures, federal and state regulators have issued guidance to assist banks in making these important decisions and in many cases have granted varying degrees of supervisory relief and flexibility. These measures may permit banks to provide their borrowers with accommodations while avoiding certain regulatory reporting and asset classification consequences that would occur in normal times. Finally, the impact on pending bank and financial services mergers and similar combinations can be addressed.
Primary Contacts: Andres Fernandez, Leonard Bernstein and Shawn Turner

Financial Services Regulations Publications

Holland & Knight’s multidisciplinary COVID-19 Response Team is available to help clients respond to a variety of business and legal issues they may be facing.

Additional COVID-19 Resources for your Business