CHICAGO: 312 332 7555 SCHAUMBURG: 847 705 7555
Banking Law
BANKING LAW
Documenting your loans and enforcing your rights
Lavelle Law provides banks and other financial institutions with legal services related to their commercial lending and workout needs. We are experienced in negotiating and documenting a variety of asset-based loans and handling complex loan workouts and foreclosures. In conjunction with our Business Litigation practice group, we handle a variety of creditor’s rights matters, including the collection of past-due obligations, the foreclosure of liens, and the liquidation of collateral. When faced with loan documentation, UCC Article 9, or forbearance issues, Lavelle Law attorneys can provide trusted legal guidance.
Our Services
- Asset-Based Lending
- Commercial Real Estate Lending and Foreclosures
- Construction Lending
- Creditors’ Rights
- Loan Syndication
- Mortgage Agreements
- Security Agreements
- UCC Issues
- Workouts and Forbearance Agreements
OUR BANKING LAW TEAM
Banking Law Posts
Lavelle Law News and Events
In a significant ruling by the Delaware Court of Chancery, specific terms within a stockholder agreement were invalidated. Presided over by Vice Chancellor J. Travis Laster, the case of West Palm Beach Firefighters’ Pension Fund v. Moelis & Co., No. 2023-0309-JTL (Del. Ch. Feb. 23, 2024), scrutinized the limitations imposed on the board of directors’ authority by a stockholder agreement under the Delaware General Corporation Law (“DGCL”). This decision challenges the conventional structuring of stockholder agreements involving a controlling stockholder.
The Consumer Financial Protection Bureau (“CFPB”) announced a regulatory amendment on March 5, 2024, targeting credit card late fees, a significant move poised to alter the financial landscape for both consumers and credit card issuers. Under this new rule, the maximum allowable late fee chargeable by large credit card issuers is significantly reduced to $8. This decision follows a proposal released in March 2023 and will take effect 60 days after publication in the Federal Register.
FTC’s Revised Hart-Scott-Rodino Filing Thresholds, Filing Fee Schedule, and an Increased Civil Penalty for M&A Transactions
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Phone: 312 332 7555
Fax: 312 332 4611
Fax: 847 705 9960
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