Media

17 Mar 2010
DLA Piper pro bono initiative helps Chicagoan purchase first home

Resident is city's 300th successful "Choose to Own" homeowner

DLA Piper successfully represented Chicago resident Teresita Diaz in the purchase of her first home through the Chicago Housing Authority’s “Choose To Own” home ownership Program (CTO). Today’s property closing marks the 300th home purchase completed under the program and was recognized by Mayor Richard M. Daley and Chicago Housing Authority officials during a March 15 news conference held in the home.

Since 2006, several attorneys in DLA Piper’s Chicago office have provided pro bono legal services to low-income Chicago residents through the CTO initiative. This innovative program helps qualified families purchase single family homes, condominiums or townhouses in Chicago through financial assistance, home buyer education, credit counseling and other services.

“I am proud to be involved in this valuable initiative to help low-income individuals and families in our community realize the American dream of home ownership,” said Merle Teitelbaum Cowin, a partner in DLA Piper’s Real Estate practice in the Chicago office who served as pro bono counsel to the buyer. “First-time homebuyers participating in the CTO program face a host of obstacles in navigating the closing process and it is our privilege to help provide clarity and guidance. I thank DLA Piper for its continued commitment to pro bono work, without which I wouldn’t have been able to devote as much effort to supporting this important community program.”

DLA Piper works closely with the Community Economic Development Law Project of the Chicago Lawyers Committee for Civil Rights, which regularly refers new CTO cases to the firm’s Chicago attorneys. The firm has thus far handled 17 CTO closings in which pro bono attorneys have assisted qualified applicants in the successful purchase of their first home.

Cowin helped Teresita Diaz to obtain grant funds provided by the HOME Investment Partnerships Program through the City’s American Dream Downpayment Initiative, with assistance from the Latin United Community Housing Association. Since deals under the CTO program require several parties, Cowin played a key role in coordinating with the lenders, seller, agencies and city representatives to ensure a smooth road to home ownership for Teresita.

“Keeping all of our neighborhoods affordable is an ongoing challenge and a top priority for the City of Chicago. Above all, I want to thank Teresita Diaz and the others in this program who have shown their faith in our City by working hard to make their dream of homeownership come true,” Mayor Richard M. Daley said during the March 15 news conference.

17 Mar 2010
DLA Piper appoints Russell Orme as new Managing Partner for Birmingham

DLA Piper today announced that Russell Orme has been appointed as the new managing partner of the Birmingham office, effective 1 April 2010. Russell, who heads the Corporate practice in Birmingham, succeeds Chris Rawstron, who will retire from the partnership on 31 March 2010 but will remain as a consultant to the firm.

Russell joined DLA Piper in 1997 and was appointed Head of Corporate in Birmingham in 2000. Russell will continue to lead the Corporate team when he succeeds Chris, who has been at DLA Piper for 13 years. Chris was appointed as Head of Corporate for Birmingham in 1998 and he quickly established himself as an important member of the UK management team. In 1999, he was named managing partner of DLA Piper's Birmingham office and he also served as a member of the global board from 2005 to 2006.

Chris will remain as a consultant to DLA Piper following his retirement.

"On behalf of everyone at the firm I want to thank Chris for the significant contribution that he has made to the firm and wish him well for the future, said David Bradley, UK Managing Partner at DLA Piper.

"This is certainly not goodbye, as through his role as a consultant to the firm we will continue to benefit from Chris' extensive management experience and knowledge of the region. I would also like to take this opportunity to welcome Russell to his new role. He is the ideal person to succeed Chris and I am confident that our Birmingham office will continue to flourish under his leadership."

Chris commented: "I have felt very privileged being at the helm of DLA Piper's Birmingham office for the last 11 years and I am very proud of the success we have achieved locally and the firm's great achievements internationally. I am delighted to be handing over the reins to Russell with whom I have worked for over 20 years and who I know will continue to ensure that our clients receive the very highest quality of service, support and advice. Whilst I am looking forward to pursuing new challenges I am delighted to be staying involved with the firm through my consultancy."

Russell Orme added: "Chris has made an immeasurable contribution to the success of DLA Piper's Birmingham office - the record speaks for itself. We have been close friends and colleagues for what seems a lifetime and naturally, the place will not be the same without him for many of us. However, I am very excited to take on the role of Managing Partner in Birmingham particularly at this time. We could not be better positioned for three key reasons: we have a very special team of partners and staff that are fit for the future; we have much valued national and international client relationships and contacts who support us and us them; and, we are able to offer the highest quality of service both domestically and across the globe to match our clients requirements. For these key reasons we will be able to take advantage of the opportunities thrown up by the current business environment and I look forward to the challenge with relish."

11 Mar 2010
Leading corporate and finance lawyer joins DLA Piper in New York and Los Angeles

DLA Piper announced today that Roger W. Rosendahl has joined the firm’s corporate and finance practices as a partner in the New York and Los Angeles offices.

Coming to DLA Piper from the New York and Los Angeles offices of Kaye Scholer, LLP, Mr. Rosendahl’s practice focuses on corporate, finance and securities transactions, including mergers and acquisitions, project and structured finance and restructuring, energy, commercial and international arbitration and mediation as well as general corporate counseling.

Mr. Rosendahl’s mergers and acquisitions experience includes representation of acquirers, targets, investors and investment banks in public and private mergers and acquisitions, leveraged buy-outs, acquisition financing, corporate restructuring and acquisitions out of bankruptcy in a wide variety of industries, including telecommunication, transportation, manufacturing, mining, textiles, asset management and commodities.

His global project finance and privatization experience includes representation of project sponsors, developers, commercial banks, investment banks, underwriters, sovereigns and borrowers in a wide variety of project financing and privatization transactions, including industrial development projects, infrastructure, natural resources, transportation, including ship finance and restructuring, telecommunications and energy. Mr. Rosendahl’s energy and power experience includes representation of independent power projects and developers and private equity funds as well as financial institutions, both domestic and foreign, and encompasses all major sources of power, including oil and gas, coal- and gas-fired facilities, transmission and renewable resources including wind, solar, geothermal and biofuels. He is experienced in the utilization of government agency, export credit agency and multilateral financing programs.

“Roger has an extraordinarily deep pool of contacts and client relationships in the corporate and finance arena, both in the US and abroad,” said Michael Meyer, Managing Partner of DLA Piper’s Los Angeles office. “He will be an invaluable resource to our US and multinational clients and we are thrilled to have him join our exceptional team in Los Angeles.”

“Roger’s wealth of experience in cross-border project and structured finance, and corporate and M&A matters significantly advances our strategy to expand our corporate and finance capabilities across the country and globally,” added David Young, DLA Piper’s head of Corporate and Finance in Southern California.

A frequent author and speaker, Mr. Rosendahl is a member of the Energy Law Committee, and has served on the Project Finance Committee of the Association of the Bar of the City of New York. He was the founding chairman of the Asia-Pacific Law Committee of the American Bar Association Section of International Law and Practice and a co-founder and initial Council Member of the United States of the Inter-Pacific Bar Association. He is a member of the International Panel of Arbitrators of the American Arbitration Association and served on the Foreign Services Advisory Committee to the US Trade Representative, where he was a principal draftsman of the United States position on the Japan Foreign Lawyers Law.

Previously, Rosendahl was a partner with Kaye Scholer LLP. He received an A.B., cum laude, from the University of Southern California and a J.D. from Georgetown University.

11 Mar 2010
DLA Piper celebrates Women's History Month with month-long nationwide program

DLA Piper and the Leadership Alliance for Women (LAW) are celebrating Women’s History Month with a series of events throughout March.

“For nearly 30 years, Women’s History Month has been observed in communities, libraries and schools to honor the extraordinary achievements of American women. At DLA Piper, we will join with our colleagues, clients and friends to celebrate women’s many contributions to the practice of law with a series of events throughout the country,” said DLA Piper Senior Manager of Diversity & Inclusion, Genhi Givings Bailey.

DLA Piper’s month-long program will include 15 events in the firm’s offices nationwide – all designed to celebrate women in the law, strengthen the community within DLA Piper and with clients, encourage business development and advance the firm’s commitment to creating a diverse and inclusive workplace for all.

Activities include a luncheon with former AIG General Counsel, and current DLA Piper of counsel, Anastasia Kelly in Baltimore; a reception with Avon General Counsel Kim Rucker in New York; a luncheon and book reading with Carla Powers, Worldwide Head of Litigation for Royal Dutch Shell and author of Matches in the Gas Tank; and a reception with a keynote address by Judge Mary Schroeder, United States Court of Appeals for the Ninth Circuit in Phoenix.

The San Francisco office will also host a discussion focused on how successful women in the legal arena are making their mark while staying true to their authentic selves. Panelists include Michelle Banks, Senior Vice President, General Counsel, and Corporate Secretary and Chief Compliance Officer, GAP Inc.; Drucilla Ramey, Dean, Golden Gate University School of Law; Mona Sabet, Vice President, General Counsel and Corporate Secretary, Coverity, Inc.; and Jamienne Studley, President and CEO, Public Advocates Inc.

DLA Piper is committed to giving back to local communities, and with that in mind, the Philadelphia office is hosting a reception with Dress for Success, an international non-profit organization dedicated to improving the lives of women through professional clothing donations and employment retention programs. Attendees at the "Suit Tales" event have been asked to bring an item of business clothing to donate, and to include a message of inspiration in one of the pockets. They will be asked to share those messages at the event.

The Chicago office is also hosting a charitable event: “repack night” with clients at the Greater Chicago Food Depository. Volunteer hours will benefit Deborah’s Place, a local homeless shelter for women.

About the Leadership Alliance for Women


The Leadership Alliance for Women (LAW), DLA Piper's women’s affinity group, was launched in 2007 to advance the firm's global competitive edge by developing and promoting women lawyers and maximizing their opportunities for business generation and leadership. Knowing that a diverse workforce is critical to DLA Piper's success, LAW supports business development by aligning the firm with the policies and practices of our clients and potential clients. The group also focuses on developing, retaining and promoting women lawyers in our domestic and foreign offices. LAW is led by a Steering Committee, while local LAW committee delegates promote the group's goals at the local office level and serve as liaisons to the national group.

9 March 2010
DLA Piper advises Fuji Television network on re-acquisition of FIA Formula One World Championship rights in Japan

DLA Piper advised Fuji Television Network, Inc. on its recent re-acquisition of media rights within Japan to the FIA Formula One World Championship. The deal was led by partner Nick Fitzpatrick and associate Patrick Mitchell from DLA Piper's Sports team. Fuji Television is a long standing client of DLA Piper's. Nick has advised the company for several years on their Formula One rights.

Commenting on the deal Nick Fitzpatrick said: "We are always delighted to be involved in Fuji Television's operations, and are proud to have played a part in this new arrangement."

Masanari Funaki, Associate Executive Director, speaking on behalf of Fuji Television, said: "We are delighted to continue broadcasting Formula One on Fuji TV in Japan. DLA Piper's Nick Fitzpatrick and Patrick Mitchell worked collaboratively with us - frequently working with very tight deadlines and the occasional cultural gaps! They were great!"

9 Mär 2010
Europäische Hotelbranche erwartet 2010 keine spürbare Erholung

Die Hoteliers in Europa rechnen erst 2011 mit einem nachhaltigen Branchenaufschwung. In einer Umfrage der internationalen Rechtsanwaltskanzlei DLA Piper unter 417 europäischen Führungskräften des Hotelgewerbes zeigen sich nur zwei Prozent der Befragten zuversichtlich, dass in den nächsten zwölf Monaten eine Erholung der Geschäftslage zu erwarten sei. Vor einem Jahr hatten noch 37 Prozent der Hoteliers für 2010 spürbares Wachstum prognostiziert. Die Mehrheit der Befragten äußert sich auch skeptisch zur Entwicklung der Zimmerpreise: 55 Prozent befürchten, dass die Gebühren erst ab dem Jahr 2012 wieder das Niveau erreichen werden, das vor der Finanzkrise herrschte.

Durchwachsen sind auch die Erwartungen bei der Errichtung neuer Hotels. Wie der gestern anlässlich des International Hotel Investment Forum (IHIF) in Berlin veröffentlichte DLA Piper 2010 European Hospitality Outlook Report zeigt, erwarten zwar 36 Prozent der europäischen Führungskräfte mehr Aktivitäten beim Bau neuer Anlagen – allerdings gehen auch 32 Prozent von einem Rückgang aus. Vier von fünf Hoteliers sind zudem überzeugt, dass die großen Ketten auch im laufenden Jahr ihren Fokus auf die Übernahme kleinerer Anbieter legen werden. Diese Entwicklung dürfte zwei Drittel der Befragten zufolge dazu führen, dass die Branchenführer ihre Marktanteile 2010 weiter ausbauen.

„Die größten Ketten werden durch die Integration kleinerer Anbieter und die Vorteile, die ihnen ihre effektiven Strukturen und Werbebudgets bieten, weiter an Marktmacht gewinnen“, sagt Dr. Markus Beaumart, Branchenexperte von DLA Piper in Deutschland.

Trotz der verhaltenen Aussichten für 2010 bereiten einige Hotel-Ketten für die nächsten drei Jahre Investitionen in den Wachstumsmärkten China und Indien vor: 28 Prozent der europäischen Führungskräfte sehen in China großes Potenzial für ihr Unternehmen, 24 Prozent wollen im aufstrebenden Indien expandieren. „Dank besserer Kreditbedingungen rechnen wir dabei mit einer Zunahme von Beteiligungsgeschäften, um das Risiko der Investitionen auf mehrere Partner zu verteilen“, sagt Dr. Markus Beaumart.

9 March 2010
DLA Piper advises Elysian Capital on its acquisition of Western Landscapes Limited, trading as Wyevale Grounds Maintenance

DLA Piper is delighted to have successfully advised Elysian Capital and its portfolio company English Landscapes, on the acquisition of Western Landscapes Limited (trading as "Wyevale Grounds Maintenance").

Wyevale Grounds Maintenance provides hard and soft landscaping and grounds maintenance services. The company operates from 10 sites around the country and has major contracts with the local authorities of the Isle of Wight, Lewes, Eastbourne, Stroud and North Somerset.

Wyevale Grounds Maintenance has displayed a consistent level of profitability and cash generation with turnover of approximately £6 million per annum over the last three years. The deal is an excellent opportunity for Elysian to acquire a well known horticultural brand with a high degree of contracted forward revenue expanding the contracted grounds maintenance base of the enlarged group, as well as strengthening its presence in the West of England and along the South coast.

Malcolm MacDougall, a corporate partner at DLA Piper advised on the deal.

Malcolm MacDougall commented: "The acquisition of Western Landscapes will bring additional scale to English Landscapes and contribute significantly to its revenues. DLA Piper was delighted to have advised Elysian Capital on this transaction."

"Our private equity practice goes from strength to strength and DLA Piper has worked on some exciting private equity deals in the last six months including Pets At Home, CPA Global and Synseal Extrusions. We are in a strong position and well placed to advise our clients as the market picks up."

Ken Terry, Elysian Capital CEO commented: "With the acquisitions of English Landscapes in March 2008, Banyards in September 2008 and now Wyevale Grounds Maintenance, the Enlarged Group becomes a £50m turnover business and a company with real scale. We believe our continued strategy of making selective acquisitions at attractive multiples will continue to build value for our shareholders and create a major player in the important UK grounds maintenance sector."

Nick Temple Heald, English Landscapes CEO, commented: "We are delighted to welcome Wyevale Grounds Maintenance into the English Landscapes Group, we believe the acquisition provides an excellent fit with our existing business and will give the expanded group greater economies of scale and enable us to offer a comprehensive, professional and competitive service in grounds maintenance to our local authority customers."

8 Mar 2010
Global financial crisis bulletins

DLA Piper is monitoring the issues around the global financial crisis. To receive our latest Alerts in your e-mail inbox, subscribe by e-mailing .

EMEA and Asia
Our European and Asian offices have produced a series of brief alerts to help our banking clients understand the legislative and financial steps being undertaken by the relevant authorities in more than twenty jurisdictions to stabilise local financial institutions. Please click here for full list of EMEA and Asia jurisdictions.

DLA Piper's Financial Crisis Response Team

Mar 18 - Financial Crisis Response Alert
Senator Dodd introduces revised financial services reform bill

Jan 25 - Financial Crisis Response Alert
President Obama calls for new restrictions on size and scope of financial institutions

Jan 4 - Tax Alert
IRS extends suspension of AHYDO limits 

Dec 23 - Tax Alert
HMRC provides clarity about scope of UK bankers' bonus tax 

Dec 21 - Class Action Alert
The United Kingdom considers class actions for financial services 

Dec 18 - Corporate Governance Alert 
SEC issues final rules on amendments to compensation and governance disclosures, Form 8-K 

Dec 17 - Tax Alert
Identifying “taxable companies” under the new UK bank payroll tax 

Dec 11 - Tax Alert
UK announces 50 percent bank payroll tax on financial service industry bonuses awarded or paid between December 9, 2009, and April 5, 2010 

Nov 20 - White Collar Alert 
New federal task force will investigate, prosecute financial crimes


Nov 18 - Financial Crisis Response Alert
Senator Dodd proposes fundamental reforms to regulation of the US financial system

Nov 5 - Financial Crisis Response Alert
Proposed Federal Reserve guidance on incentive compensation policies of financial institutions

Oct 6 - Bank Secrecy Alert
The long arm of the US government: the harsh new reality for foreign banks

Sep 14 - Financial Crisis Response Alert
US treasury announces regulatory capital principles

Aug 13 - Securities Litigation Alert
SEC settles its first two naked short selling cases

Aug 3 - Energy Alert
DOE announces two new loan guarantee solicitations

Jul 30 - Political Law Alert
Administration clarifies lobbying restrictions for stimulus funding

Jul 30 - International Tax Newsletter
Parliament amends interest cap rule and loss utilization rules

Jul 14 - Financial Crisis Response Alert
FDIC proposes statement on qualifications for failed bank bids

Jul 7 - Corporate Governance Alert
NYSE adopts changes to its continued listing standards

Jul 6 - Corporate Governance Alert
NYSE eliminates broker discretionary voting in director elections

Jul 6 - E-Commerce and Privacy Alert
Administration proposes new federal consumer financial protection agency

Jun 30 - Corporate Governance Alert
SEC proposes shareholder access rules: expect changes to the director nomination process

Jun 29 - Alternative Asset Management Alert
White paper recommends regulation of hedge fund managers

Jun 22 - Financial Crisis Response Alert
Historic Obama administration white paper: reforming the financial regulatory system

May 18 - Derivatives Alert
Treasury proposes comprehensive regulation for OTC derivatives

May 13 - Financial Crisis Response Alert
Financial institutions with US customers note: FINCEN proposes amending "money services business" definition

May 11 - Financial Crisis Response Alert
The evolving US government response to the credit crisis

May 4 - Financial Crisis Response Alert
Federal reserve announces TALF program will be available for newly issued CMBS

April 24 - Government Real Estate Alert
New year, new environment for government real estate

April 13 - Corporate Governance and Capital Markets Alert
NASDAQ completely reorganizes listing rules; other NASDAQ updates

April 7 - Alternative Asset Management Alert
Treasury provides updated guidance on legacy securities public-private investment program

April 3 - Alternative Asset Management Alert
SEC exemptive actions promote clearing credit default swaps

April 1 - Corporate Governance Alert
NASDAQ extends suspension of listing requirements

March 31 - International Tax Newsletter
China allows contribution of share rights as capital

March 31 - Securities Litigation Alert
When hedge funds close their gates: ruling on amended partnership agreement

March 30 - Financial Crisis Response Alert
The next step up: US government addresses historic crisis with historic action

March 27 - Alternative Asset Management Alert
Treasury's public-private investment program: key issues for fund managers

March 26 - Alternative Asset Management Alert
Geithner calls for two-tiered regulation of hedge and private equity funds

March 13 - Government Contracts Alert
The stimulus package: does the buy American provision affect you?

March 11 - Corporate Governance Alert
NYSE proposes to eliminate broker discretionary voting

March 10 - Financial Crisis Response Alert
New developments: the government acts on multiple fronts to address the credit crisis

March 3 - Tax Alert
Tax considerations in debt restructurings

February 26 - Employee Benefits Alert
The new COBRA subsidy in the stimulus: how it works

February 19 - E-Commerce and Privacy Alert
Economic stimulus package contains broad new health privacy protections

February 19 - Tax Alert
Major corporate and energy tax benefits are a focus of stimulus bill

February 17 - Financial Crisis Response Alert
The stimulus plan: how will it affect you?

February 11 - Financial Crisis Response Alert
The global financial crisis: latest responses by the US government

February 9 - Financial Crisis Response Alert
The global financial crisis: latest responses by the US government

February 5 - Alternative Asset Management Alert
Legislation seeks mandatory SEC registration of hedge funds

February 3 - Restructuring Alert
Dealing with distressed retailers: trade vendor strategies

January 28 - International Tax Newsletter
Changes to Russia's tax law now in effect

January 20 - Energy Alert
Alternative energy: "yes we can" President Obama's green jobs plan

January 14 - Real Estate Alert
Miami-Dade foreclosure ordinances: new obligations, penalties for lenders 

January 6 - Financial Crisis Response Alert
Should you be considering bank or thrift holding company status?

December 4 - Financial Crisis Response Alert
The global financial crisis: latest responses by the US government

November 19 - Financial Crisis Response Alert
The emergency economic stabilization act and responses to the credit crisis: an interim report

November 18 - White Collar Alert
The financial crisis may trigger increased FCPA scrutiny

November 6 - Finance Alert
Japan's sun rises again? A new growth market for global companies

October 31 - Financial Crisis in Germany Client Alert
Financial crisis: roadmap for negotiations with the German authorities

October 27 - White Collar Alert
SEC adopts and publicly discloses new enforcement manual

October 23 - Financial Crisis Response Alert
Will consolidation accelerate in the financial services industry?

October 22 - Securities Litigation Alert
SEC focuses on efforts by hedge fund managers to conceal poor performance

October 21 - Financial Crisis Response Alert
Where to obtain information on assets for sale by FDIC

October 20 - Corporate Governance Alert
NASDAQ suspends bid price and market value requirements

October 17 - Tax Alert
Economic stimulus and bailout: wins and losses

October 16 - Corporate and Securities Alert Update
The global credit crisis and the US government's response

October 6 - Financial Crisis Response Alert
Analyzing the emergency economic stabilization act of 2008

October 3 - Financial Crisis Response Alert
Update: the global credit crisis and the US government's response

October 3 - Energy Tax Alert
Congress includes energy provisions in the emergency economic stabilization act

October 3 - Hedge Fund Tax Alert
New tax law limits offshore deferred compensation

October 3 - Corporate Governance and Capital Markets Alert
Update: SEC extends window for curtailed stock repurchase rules

October 2 - Tax Alert
IRS liberalizes use of tax losses of banks attributable to bad debts after and ownership change

October 1 - Financial Crisis Response Alert
The global credit crisis and the US government's response

September 29 - Financial Crisis Response Alert
Update: the global credit crisis and the US government's response

September 26 - Financial Crisis Response Alert
Update: the global credit crisis and the US Government's response

September 25 - Alternative Asset Management Alert
Regulators worldwide act to restrict short sales

September 24 - Financial Crisis Response Alert
Update: the global credit crisis and the US government's response

September 23 - Corporate Governance and Capital Markets Alert
SEC takes emergency action to relax issuer stock repurchase constraints

September 22 - Securities Litigation Alert
SEC attacks short selling on regulatory and enforcement front

September 22 - Financial Crisis Response Alert
Update: the global credit crisis and the US government's response 

September 21 - Financial Crisis Response Alert
Implications of the global credit crisis and the US government response

September 17 - Alternative Asset Management Alert
Lehman Brothers Holdings, Inc.'s bankruptcy filing raises pressing issues for hedge funds

8 Mar 2010
DLA Piper strenghens regulatory capability in Asia

DLA Piper is pleased to announce that Iris Sung has joined the firm's Asia Regulatory practice as a senior associate. She joins DLA Piper's Hong Kong office from Nortel Networks where she was Director of Compliance for Greater China. From 2004 to 2007, Iris had been Regulatory Manager for Competition Affairs for the Hong Kong Office of the Telecommunications Authority ("OFTA"). Iris will be working with the corporate compliance and investigations team and with the firm's Greater China competition team led by partner, David Cox.

"To keep their edge, businesses need to stay abreast of the increasing changes across Asia's regulatory landscape. Regulatory developments in many sectors including financial services, telecommunications and retail will have a significant impact on the ability of organisations to fulfil strategic goals," said Christopher Clarke, Asia Head of Regulatory and Office Managing Partner of DLA Piper Hong Kong. "Iris makes a strong addition to our team and her experience in both compliance and competition matters will bring depth of expertise to our competition and investigations teams."

8 Mar 2010
Financial crisis response team

To Our Clients and Friends:

Fast-changing events in the global financial markets are affecting businesses around the world. It is a time of uncertainty for all and a period of concern for most. Yet in these difficulties some may find once-in-a-lifetime investment opportunities. Certainly the sources and costs of funding are changing, and government regulation is intensifying.

DLA Piper is monitoring the global financial markets and the actions of governments around the world. Through a coordinated effort among our offices in the US, Europe, Asia and the Middle East, we have established a global, multi-disciplinary working group focused on supporting clients in:


Our global Financial Crisis Response Team has substantial experience in each of these areas, supported by broad understanding of regulatory and financing developments. And, through our global network of 3,500 lawyers in 26 countries, we have the skills and knowledge of specific markets to take care of your legal needs anywhere in the world.

We help our clients respond to recent developments in the global economy. Please read our analyses and updates about the financial crisis, the recovery, the stimulus and other DLA Piper publications.

If you would like further information, please contact your DLA Piper lawyer. If you do not have a DLA Piper lawyer, please contact:

Michael Burton in our London office, either by telephone (+44 (0)207 796 6098) or by e-mail ().

Rusty Conner in our Washington, DC office, either by telephone (+1.202.799.4221) or by e-mail ().

Stefan Eder in our Vienna office, either by telephone (+43 (1) 531 78 1601) or by e-mail ().

Steven Phillips in our Washington, DC office, either by telephone (+1.202.799.4313) or by e-mail (steven.phillips@dlapiper.com).

Dr. Wolfgang Richter in our Frankfurt office, either by telephone (+49 (0) 69 271 33 289) or by e-mail ().

Dr. Andrew Wang in our Hong Kong office, either by telephone (+85 (2) 2103 0710) or by e-mail ().

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