When tax-exempt organizations such as local governments, public schools, or healthcare facilities look to finance their capital projects, they look to Clark Hill for guidance on the structuring, documenting, and closing of tax-exempt financing transactions. Our attorneys serve as bond, underwriter’s, disclosure, and borrower’s/issuer’s counsel to ensure that our clients’ best interests are met. We also serve as bank, trustee’s, and credit enhancer’s counsel in tax-exempt transactions.
Our attorneys are well versed in federal and state securities and tax laws, as well as the local borrowing laws in the jurisdictions in which we practice.
Clients benefit from our experience in undertaking a wide variety of tax-exempt or taxable governmental borrowing initiatives. Hospitals, lifecare facilities, universities, community colleges, conduit authorities, and other corporations also rely on us to handle the legal aspects of their financing needs.
While tax-exempt publicly traded bonds are exempt from the registration requirements imposed by federal securities laws, the anti-fraud provisions and information dissemination provisions do apply. In addition to assisting with the preparation of offering documents in connection with municipal finance issues, we also regularly prepare “blue sky” surveys to determine state securities law registration requirements. Our firm also advises broker-dealers and investment advisors on regulatory compliance issues, including those involving the US Securities and Exchange Commission, the Financial Industry Regulatory Authority, and state securities commissions. In addition, our municipal finance attorneys are experienced with the continuing disclosure obligations of municipal borrowers.
For tax matters, our attorneys have addressed arbitrage-related and public/private use issues, useful life determinations, remediation of private use, transferred proceeds issues, reissuance questions, and taxable/tax-exempt partition issues. Clients have also consulted us while being audited by the Internal Revenue Service (IRS), and we have successfully defended the tax-exempt status of their bonds in each instance. We also structure guaranteed investment contracts (GICs), forward supply, and other put-based investment agreements, contracts to swap (SWAPs) variable-rate debt for fixed-rate debt, together with other derivative products and “synthetic securities.”
We assume leadership positions throughout the industry from serving as panelists at state and national bond lawyer education conferences to serving on boards of industry associations.
Clark Hill Ranked No. 2 Bond Counsel in Delaware
Explore moreClark Hill Ranked as Top 5 Bond Counsel in Delaware
Explore moreReturn to Work and School Following Governor Whitmer’s June 30, 2020 Executive Order and Return to School Roadmap
Join Clark Hill and the Michigan Association of School Personnel Administrators (MASPA) for another exciting webinar on July 9, 2020 from 1pm-2:30pm. This webinar will discuss Governor Whitmer’s June 30, 2020 Executive Order for Michigan K-12 Schools, the Return to School Roadmap, and the requirements and recommendations for school Administrators and Human Resources Departments for staff and students returning to school.
The Coronavirus: Helping Employers Through New and Developing Workplace Issues
Health threats, like the Coronavirus, can virtually come out of nowhere and as anyone paying attention to the recent news knows, can also be incredibly disruptive to business operations. To combat that disruption, it is important to understand what your employment options and obligations are under applicable state and Federal laws, and how to best develop flexible plans to deal with such outbreaks. Join Clark Hill PLC attorneys Joseph Urban and Vincent Sallan as they discuss these and other steps which businesses and employers can take to help both manage their workforce and minimize business interruption in these uncertain times.
Brexit, COVID, COP26 & Global Corporate Tax Change: The Immediate and Critical Impact for US Businesses
Danny McCoy, CEO of Ibec, Ireland’s largest lobby and business representative group shares insights of high value to business leaders in all industry sectors with operations in the US, the EU, and the UK with Kevin Kelly, the leader of Clark Hill’s Government & Regulatory Affairs group. John Hensien, Clark Hill’s CEO, provides introductory remarks.
Clark Hill Attorneys Selected for Inclusion in the 2021 Edition of Best Lawyers in America
Explore moreTop 5 COVID-19 Issues Coming to a School HR Department Near You – Q&A Style!
Join Clark Hill and Michigan Association of School Personnel Administrators (MASPA) for a joint 90-minute webinar – Q&A style – on questions and issues related to the new FFCRA leave, employees working remote or teleworking, tough decisions regarding layoffs, dealing with issues that are bargainable and preparing for a safe return to the workplace for your employees.