Tim Powers is a partner, member of the Board of Directors and oversees the international practice at Haynes and Boone.
His practice focuses on international business law with an emphasis in international banking and finance, international joint ventures, international investment in real estate and foreign investment in the United States.
Selected Client Representations:
- Represented major U.S. and foreign lenders as lead agents and arrangers in more than $30 billion of subscription secured loan facilities to real estate private equity funds, in which a revolving credit facility is made available on the basis of the credit of the fund's investors.
- Advised the State Board of Administration of Florida in connection with more than $1 billion in investments in real estate private equity funds.
- Advised the lead agent and arranger in a $2 billion multi-currency, multi-jurisdiction credit facility for a major data systems company.
- Advised in the formation and served as general counsel to a semiconductor manufacturing joint venture between Hitachi, Ltd. and Texas Instruments Incorporated.
- Advised in the general legal affairs and the windup of a U.S. subsidiary of a Japanese semiconductor manufacturer.
- Represented U.S. company in connection with its joint venture in India for the development of mid-market business hotels.
- Represented a syndicate of Japanese banks in connection with their first ever restructuring of a real estate credit facility in the United States, the $300 million corporate headquarters of 7-Eleven, Inc.
- Represented international investors in more than $1 billion in real estate investments in the United States.
- Advised in connection with the safe return to its rightful owner in Germany of the Quedlinburg Treasury, known as the greatest and longest unsolved art theft of the 20th century, from which the book Treasure Hunt was written.
Professional Recognition
Tim has been selected by his peers to be listed among:
- Texas lawyers in Banking & Finance ranked in Chambers USA: America’s Leading Lawyers for Business 2010
- Best Lawyers in America, Woodward/White, Inc. 2003-2011
- Texas Super Lawyers in International, Law and Politics and Texas Monthly, 2003-2009
- Texas Top-Notch Lawyer in International Law, Texas Lawyer, 2007
- World's Leading Real Estate Lawyer, Euromoney Legal Group Guide, 1998, 2002
- International Who's Who of Real Estate Lawyers, Law Business Research, 2000-2010
- International Who's Who of Business Lawyers, Law Business Research, 2004-2011
Professional Leadership
- State Bar of Texas
Chairman, International Law Section, 1987-1988
- American Bar Association
Council, Section of International Law, 1990-1993
Council, Real Property, Probate and Trust Law Section, 1999-2005
- International Bar Association
Chairman, Project Finance Subcommittee, 2006-2008
Chairman, International Bankruptcy Cooperation Subcommittee, 1987-1995
Chairman, Constitution Committee, 2006-
Co-Chair, North American Forum, 2009-
- International Bar Association Foundation, Inc.
Trustee, 2003-
Secretary, 2004-
- Institute for International and Comparative Law of The Center for American and International Law (formerly The Southwestern Legal Foundation)
Executive Committee 2001-
Chair, Annual Symposium on Private Investments Abroad 2000-2001
- Japan America Society of Dallas/Fort Worth
President, 1992-1993
Board of Directors, 1990-2000; 2005-2008
- World Affairs Council of Dallas/Fort Worth
Board of Directors, 2000-
- Dallas Committee on Foreign Relations
Board of Directors, 2006-
Chairman, Membership Committee, 2006-
- World Services Group
Chairman, 2003-2004
Board of Directors, 2002-2005
Community Involvement
- YMCA of Metropolitan Dallas
Board of Directors, 2009-
- Town North Family YMCA
Chairman, 2004-2006
Board of Management, 1998-2007
- Dallas Breakfast Group
Board of Directors, 2008-
Selected Representative Experience
Representation of International Investors in U.S. Real Estate
Represented international investors in over $1 billion in real estate investments in the United States.
India Joint Venture
Represented U.S. Company in connection with its joint venture in India for the development of mid-market business hotels.
General Legal Affairs and Wind-Up - U.S. Subsidiary of Japanese Semiconductor Manufacturer
Advised in the general legal affairs and the windup of a U.S. subsidiary of a Japanese semiconductor manufacturer.
$2 Billion Revolving Multi-Currency Credit Facility - Global Company Information Technology and Outsourcing Company
Advised the lead agent and arranger in a $2 billion multi-currency, multi-jurisdiction credit facility for a major data systems company.
Acted as General Counsel to Semiconductor Manufacturing Joint Venture
Advised in the formation and served as general counsel to a semiconductor manufacturing joint venture between Hitachi, Ltd. and Texas Instruments Incorporated.
First Japanese Bank Real Estate Restructuring
Represented a syndicate of Japanese banks in connection with their first ever restructuring of a real estate credit facility in the United States, the $300,000,000 corporate headquarters of 7-Eleven, Inc.
Return of Quedlinburg Treasury
Advised The First National Bank of Whitewright in connection with the safe return to its rightful owner in Germany of the Quedlinburg Treasury, known as the greatest and longest unsolved art theft of the 20th century, from which the book
Treasure Hunt was written.
$30 Billion Subscription Secured Loan Facilities - Real Estate Private Equity Funds
Represented major U.S. and foreign lenders as lead agents and arrangers in over $30 billion of subscription secured loan facilities to real estate private equity funds, in which a revolving credit facility is made available on the basis of the credit of the fund’s investors.
Swaps and Other Derivative Transactions
Haynes and Boone has substantial experience in assisting clients who have swaps and other derivative transactions with failed or failing counterparties. Most recently it has assisted a major petrochemical manufacturer in assessing the applicability of the bankruptcy code derivative safe harbor provisions to various long term supply contracts with financially distressed petrochemical producers. Also, Haynes and Boone has assisted more that 20 swap and derivative counterparties in unwinding their ISDA based transactions with various U.S. and foreign affiliates of Lehman Brothers Holdings, Inc.