In the News

Tim Powers Named Next Managing Partner of Haynes and Boone

DALLAS – Tim Powers has been named to succeed Terry Conner as managing partner of Haynes and Boone, LLP, as of Jan. 1, 2015. Powers will be the firm’s fourth managing partner in its 44-year history.

Through his 34 years of practice, Powers has been key in developing the firm’s international banking, finance and real estate investment practices. Powers has served in a variety of leadership roles, including practice chair, marketing partner, head of the firm’s lateral partner recruiting efforts and as a member of the board of directors. >>

Tim Powers in PEI: Perspectives 2014 - Leveraged Forecast

Finding attractive private equity investment opportunities didn’t get any easier in 2013. >>

Texas Super Lawyers Features 91 Haynes and Boone Lawyers

Ninety-one Haynes and Boone, LLP lawyers have been recognized in the Texas Super Lawyer 2013 award listing. >>



Recent Publications

Structuring Capital Call or Subscription Loan Facilities for Investment Funds

A webinar outlining approaches for structuring the loan facility, examining the underlying fund structure and fund document provisions, artfully drafting loan provisions, and performing comprehensive legal due diligence. >>



Timothy E. Powers

Partner

Dallas


2323 Victory Avenue
Suite 700
Dallas, Texas 75219
T +1 214.651.5610
F +1 214.200.0610

Areas of Practice

Education

  • J.D., Southern Methodist University Dedman School of Law, 1980
  • B.A., University of California, Los Angeles, 1977, with honors

Bar Admissions

  • Texas
  • New York
Timothy E. Powers

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 $50 billion of subscription secured loan facilities to 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, about 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 2010-2014
  • Best Lawyers in America, Woodward/White, Inc. 2003-2015
  • Texas Super Lawyers in International, Banking and Real Estate, Law and Politics and Texas Monthly, 2003-2014
  • Texas Top-Notch Lawyer in International Law, Texas Lawyer, 2007
  • World's Leading Real Estate Lawyer, Euromoney Legal Group Guide, 1998, 2002, 2012, 2013
  • International Who's Who of Real Estate Lawyers, Law Business Research, 2000-2014
  • International Who's Who of Business Lawyers, Law Business Research, 2004-2013
  • InterContinental Finance Magazine Leading Lawyer 500, 2013-2014
  • Top Rated Lawyers in Banking and Finance Law by American Lawyer Media and Martindale Hubbell, 2013
  • Martindale Hubbell® Law Directory with a Peer Review Rating of AV® Preeminent™

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, International Bankruptcy Cooperation Subcommittee, 1987-1995
    Chairman, Project Finance Subcommittee, 2006-2008
    Chairman, Constitution Committee, 2006-
    Co-Chair, North American Forum, 2009-2010
  • International Bar Association Foundation, Inc.
    President, 2010-    
    Trustee, 2003-
  • Southern Methodist University Dedman School of Law
    Executive Committee, 2011-
  • Southwestern 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
  • Council on Foreign Relations
    Member, 2000-
  • World Affairs Council of Dallas/Fort Worth
    Chairman, 2010-2012
    Board of Directors, 2000-2012
  • Dallas Committee on Foreign Relations
    Board of Directors, 2006-2011
    Chairman, Membership Committee, 2006-2011
  • 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-
  • First United Methodist Church - Dallas
    Trustee, 2011-

Selected Representative Experience


$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.

$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.

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.

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.

India Joint Venture
Represented U.S. Company in connection with its joint venture in India for the development of mid-market business hotels.

Representation of International Investors in U.S. Real Estate
Represented international investors in more than $5 billion in real estate investments in the United States.

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.

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.

TAOS Combines with austriamicrosystems AG (SIX: AMS)
Texas Advanced Optoelectronic Solutions, Inc. (TAOS), a leading optoelectronic solutions provider, combines with austriamicrosystems AG (SIX: AMS), a leading global designer and manufacturer of high-performance analog integrated circuits in a strategic transaction valued at $320 million for cash and stock of AMS.

Memberships

  • State Bar of Texas
  • American Bar Association
  • International Bar Association
  • Inter-Pacific Bar Association
  • The Council on Foreign Relations
  • World Affairs Council of Dallas/Fort Worth
  • Dallas Committee on Foreign Relations
  • Japan America Society of Dallas/Fort Worth
  • Anglo-American Real Property Institute
  • Urban Land Institute

Online Publications

07/10/2014 - Structuring Capital Call or Subscription Loan Facilities for Investment Funds
A webinar outlining approaches for structuring the loan facility, examining the underlying fund structure and fund document provisions, artfully drafting loan provisions, and performing comprehensive legal due diligence.

03/29/2010 - USA Chapter: The International Comparative Legal Guide to Real Estate 2010
Real estate is governed primarily by the state laws of each of the fifty United States. A combination of state statutory and common law governs such areas as future estates, concurrent ownership, landlord and tenant rights, servitudes, transfer of interests, and title insurance.

06/01/1996 - Complying With FIRPTA: A Manual of Forms

10/01/1990 - Foreign Investment in United States Real Estate: A Comprehensive Guide