K&L Gates Establishes Delaware Office with Addition of Four-Partner Team
02 Apr, 2013
K&L Gates LLP has opened its 48th office worldwide with the launch of an office in Wilmington, Delaware. Joining K&L Gates in establishing the Wilmington office are new partners Scott E. Waxman, Eric N. Feldman, Nicholas I. Froio, and Christina M. Houston, all of whom arrive at K&L Gates from the Delaware law firm of Potter Anderson & Corroon LLP, with a focus in the areas of alternative business entities and their utilization in a wide range of domestic and cross-border financings and transactions. Waxman leads the group’s transition to K&L Gates.
The addition of the four partners continues the momentum for K&L Gates’ corporate practice after Mergers & Acquisitions magazine named it “Law Firm of the Year” in the mid-market and provides a strategic location in Wilmington for the firm’s corporate and financial institution clients. The Wilmington office is K&L Gates’ 26th in the United States, and marks the firm’s seventh new office in 2013, following openings in Seoul, Houston, and four locations in Australia through the January 1 combination with Australian national firm Middletons.
“Delaware continues as the national center for formation of business enterprises, and these days newly-formed alternative business entities outnumber traditional corporations by three to one,” said Peter J. Kalis, K&L Gates’ Chairman and Global Managing Partner. “Our new team is unsurpassed in experience in this field, as their imprint is felt throughout Delaware law on the subject of alternative business entities.”
The lawyers in K&L Gates’ Wilmington office have extensive experience advising clients with respect to Delaware alternative entities – namely, limited liability companies, general and limited partnerships, statutory trusts, and special purpose corporations – in a broad range of general commercial and financing transactions, including mergers and acquisitions, joint ventures, securitizations, structured financings, venture capital and private equity funds, master limited partnerships, preferred securities transactions, real estate investment trusts, and special purpose/bankruptcy remote structures. In addition, they regularly advise financial institutions and service providers in a wide variety of capacities, such as indenture trustee, collateral agent, servicer, backup servicer, trustee, securities intermediary, paying agent, and independent manager/director.
“We are very proud to be opening K&L Gates’ office in Delaware – the state where more than 50% of all publicly traded companies and more than 60% of the Fortune 500 have chosen to form,” stated Waxman. “Delaware’s business entity laws are among the most progressive and flexible in the nation, and we are excited to be expanding K&L Gates’ ability to advise and assist clients in many aspects of Delaware law.”
All four of the partners focus their practices in the areas of alternative entities and their utilization in a wide range of domestic and cross-border transactions and other commercial matters, including structured financings, securitizations, mergers and acquisitions, joint ventures, venture capital, private equity and hedge funds, real estate investment trusts, master limited partnerships, preferred securities transactions, insurance premium financing transactions, life settlement transactions, real estate transactions involving special purpose/bankruptcy remote entities, debt refinancings, conversions, transfers, and domestications. The lawyers often advise on issues, both transactional and litigation, relating to the organization, operation, management, governance, dissolution, winding up, and restructuring of alternative entities and captive insurance companies, including advice relating to the duties (fiduciary or otherwise) of general partners, managers, directors, trustees, and special committees.
The partners also have experience in such related matters as the Uniform Commercial Code and taxation, as well as other matters including unclaimed property audits. In addition, they advise financial institutions in the many roles in which they serve in financing and secured transactions, including as trustee, indenture trustee, collateral agent, paying agent, servicer, backup servicer, securities intermediary, and independent manager/director.
K&L Gates practices out of 48 fully integrated offices located in the United States, Asia, Australia, Europe, the Middle East and South America and represents leading global corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals. For more information about K&L Gates or its locations, practices and registrations, visit www.klgates.com.