Finanzas

Practice Group



In the News

Haynes and Boone in Law360: Haynes and Boone Adds 3 Finance Pros in NY, Dallas

Haynes and Boone, LLP said Monday the firm has fortified its finance practice group in its New York and Dallas offices with the addition of three K&L Gates LLP attorneys who have experience in banking and energy-related commodities finance. >>

Three-lawyer Finance Team Adds Commercial Banking Capabilities to New York and Dallas Offices

NEW YORK / DALLAS – Haynes and Boone, LLP is expanding its sophisticated finance capabilities with the addition of a group of three lawyers led by a senior partner, Steven H. Epstein - a highly regarded practitioner with extensive experience representing commercial banks in complex financings, including energy-related commodities finance. >>

Eduardo Aguirre in Latin Lawyer: Haynes and Boone Hires Former US Ex-Im Vice-Chairman

Eduardo Aguirre joined the firm on 14 January as a non-legal senior adviser in Houston, where he will also assist with inbound investment, banking and finance, energy and immigration matters. >>



Recent Publications

ISDA Section 2(a)(iii): Problems and Solutions

In recent years, one clause of the ISDA Master Agreement has been the source of a great deal of consternation among derivatives lawyers: the condition precedent set forth in Section 2(a)(iii), which purports to suspend a party’s payment obligations in the event of a continuing default by the other party. >>

American Bankers Association Bank Compliance Magazine Guest Article: Responding to Examination Findings

Amid the industry's efforts to emerge from the global financial crisis, banks now encounter a new era in examination management. This era is marked by continuing regulatory uncertainty, economic instability, and heightened expectations from prudential regulators. >>

CFTC Loosens Requirements for Swaps for Utility Special Entities

On March 21, 2014, the Division of Swap Dealer and Intermediary Oversight (“Division”) of the CFTC issued a no-action relief letter (the “2014 Letter”), to temporarily allow entities to deal in utility operations-related swaps, as defined in the 2014 Letter, without counting such swaps towards the “sub-limit” threshold for swap dealer registration with regard to such swaps. >>

Final FFIEC Guidance - "Social Media: Consumer Compliance Risk Management Guidance"

On December 17, 2013, the Federal Financial Institutions Examination Council (the “FFIEC”) issued the Social Media: Consumer Compliance Risk Management Guidance for financial institutions. >>




The Client in the Driver's Seat

Our Client
InterOil Corporation, a public company developing a liquefied natural gas (LNG) facility in Papua New Guinea

The Problem
InterOil was positioned to use its very substantial natural gas discoveries to develop an LNG liquefaction facility in Papua New Guinea.  It was clear from the start that, while InterOil had the resources, vision and expertise to drive the project, some very large U.S. and European financial players needed to be brought into the project to provide additional development stage financing to allow the project to move ahead.  The fact that negotiations needed to transpire across several time zones (Papua New Guinea is in the vicinity of Australia) was a complicating factor.

The Haynes and Boone Solution
Through tough negotiation and creative structuring, we were able to assist InterOil in securing the development funding InterOil needed, while keeping them where they belonged - in the driver's seat of this complex project.

The Outcome
The first phase of the financing package was completed in the summer of 2007.  Current estimates anticipate that this will ultimately be a multi-billion dollar project.

For more information about this case study, please contact Arthur Cohen at  or Herb Glaser at  .