BCLP has a team of lawyers dedicated solely to serving clients in the corporate trust industry.  Our corporate trust practice team represents the leading corporate trust departments in the financial services industry.  The team represents the corporate trust industry in the full spectrum of corporate trust practice – transaction origination, trustee litigation and default/bankruptcy.  We recognize that corporate trust is a separate and distinct business.  We also recognize the special roles and responsibilities of the corporate trustee, from both a business and legal perspective. 

Our lawyers have decades of experience in corporate trust practice.  We cover all phases of a corporate trust transaction — from issuance through administration and extending to satisfaction and discharge, including redemption and defeasance. When the circumstances dictate, we represent our clients in default, workout, enforcement and bankruptcy situations. Should our client be accused of wrongdoing in the performance of its duties, our corporate trust litigators defend the institution in litigation. Our practice also extends to the ancillary services provided by our corporate trust clients, including custodial, collateral, escrow and agency services.

We are a preferred corporate trust adviser on complex transactions.  The firm is a frequent lecturer and provider of workshops to corporate trust departments on indenture and Trust Indenture Act issues and adviser on corporate trust regulatory, compliance and policy matters, corporate trust documentation, default duties and litigation affecting indenture trustees. We are regularly consulted by issuers’ and underwriters’ counsel on indenture and Trust Indenture Act issues. We also partner with our corporate trust clients and the capital markets community on developing new financing products.

Experience

BCLP represents and advises banking institutions as indenture trustees and agents in connection with corporate and municipal, taxable and tax-exempt, secured, unsecured, subordinated and convertible public and private debt issued under trust indentures of issuers of domestic and international debt and in connection with defaulted debt issuances, debt restructurings, bankruptcies and litigation. Transactions have included:

• Corporate debt
• Project financings
• Grantor trusts
• Secured and unsecured medium-term note programs
• Collateral trusts
• Leveraged-leases
• Auction rate securities
• Complex international secured financings