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Industry
Insurance plays an essential role in risk mitigation for financial services companies. As risks evolve, questions often arise concerning the scope of insurance coverage and the interpretation and application of policy provisions. Winston’s insurance lawyers provide companies with best-in-class advice, corporate and transactional counsel, and, if need be, litigation defense in high-stakes coverage disputes and class actions. We have achieved excellent outcomes for our clients in matters involving a wide variety of insurance policies and claims, including cybersecurity, travel, long-term care, and annuities, among others. Moreover, we have experience in emerging issues and industries, such as blockchain technology and artificial intelligence, both of which present insurers with a unique and complicated set of risks and opportunities.
Industry
Winston’s financial crimes compliance lawyers have been providing regulatory compliance counseling and enforcement services related to the Bank Secrecy Act (BSA), the Anti-Money Laundering Act of 2020 (AML), and countering the financing of terrorism (CFT) policy for decades. We also have experience with international AML matters, including in the EU and with respect to Financial Actions Task Force (FATF) recommendations.
Practice Area
Winston’s financial services litigators advise financial services companies of every size and scope on litigation, dispute resolution, and regulatory matters in local, state, and federal jurisdictions. While we are proud to have advised many clients as to how avoid formal legal proceedings, should litigation arise, we bring to bear the full strength of our nationally renowned litigation and trial practice when it does arise.
Experience 1 result
Experience
|August 19, 2020
Acquisition Financing of Occidental's Wyoming Trona Assets
Winston & Strawn LLP represented a group of institutional investors purchasing privately placed notes issued by a subsidiary of Orion Resource Partners (“Orion”) in connection with Orion’s acquisition of certain producing trona mineral interests located in Sweetwater County, Wyoming from Occidental Petroleum Corp. (“Oxy,” NYSE: OXY). The transaction, which is expected to close in the fourth quarter of 2020, has a footprint of approximately 275,000 net trona mineral acres located across the world’s largest known trona mineral deposit. Trona is a mineral that is actively mined and used to make soda ash, the principal ingredient in baking soda, global glass manufacturing, pollution control systems, as well as other critical chemical applications. The acquisition financing served to support Orion’s broader acquisition of Oxy’s land grant assets located across Wyoming, Colorado, and Utah, that includes 4.5M mineral acres (including coal and oil and gas mineral interests) and 1M surface fee acres, making it one of the largest single land purchases in the United States in the past 70 years.
Insights & News 26 results
Competition Corner
|October 3, 2024
|5 Min Read
Banking Reform: An Increase In Scrutiny
On September 17, 2024, the DOJ’s Antitrust Division withdrew from its 1995 Bank Merger Guidelines and announced that, going forward, it will use the 2023 Merger Guidelines, along with a 2024 Banking Addendum, in evaluating the competitive impact of mergers and acquisitions in the banking industry. The DOJ’s announcement comes roughly three years after President Biden issued an executive order encouraging the DOJ to enhance the enforcement standards set forth in the previous Bank Merger Guidelines.
Client Alert
|September 9, 2024
|7 Min Read
On August 8, 2024, the federal banking agencies—the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National Credit Union Administration (collectively, the Banking Agencies)—caused to be published in the Federal Register their jointly issued notice of proposed rulemaking (NPRM) for a proposed rule that would revise each of the Banking Agencies’ long-standing program rules for anti–money laundering and countering the financing of terrorism (AML/CFT) for the depository institutions that each agency supervises.[1]
Client Alert
|August 14, 2024
|5 Min Read
U.S. Banking Regulators Target Bank-Fintech Partnerships
On July 25, 2024, the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Board of Governors of the Federal Reserve System (collectively, the “Banking Agencies”) released both a Joint Statement and request for information (RFI) regarding banks’ arrangements with financial technology (fintech) companies for the delivery of bank products and services to end users.
Other Results 2 results
Location
Serving one of the world’s largest economies for over 20 years, Winston & Strawn’s Los Angeles office is home to more than 100 attorneys and professional staff. Under the guidance of Office Managing Partner Angela M. Machala, our L.A. office thrives as a dynamic and tightly knit community that celebrates diversity, with more than half of our L.A. attorneys identifying as women, racial/ethnic minorities, and/or LGBTQ+. Our L.A. lawyers—who are equally split between litigation and transactional work—advise 80+ Fortune 500 companies, which is a testament to the collaborative environment we’ve created to provide exceptional legal services.
Location
Founded in 1853, Winston & Strawn is one of the largest and oldest law firms in Chicago. The office is home to 275+ lawyers distributed across 23 practice areas. Our Chicago lawyers represent 90 companies in the Fortune 500 and are recognized in all the major directories and award competitions. They also are heavily invested in pro bono causes, having dedicated 16,250+ hours in 2022 to various pro bono organizations. They are hardworking, compassionate, and diverse—nearly 50% of the lawyers in this office identify as women, racial/ethnic minorities, and/or LGBTQ+. Our Chicago office also takes immense pride in fostering a collegial atmosphere that influences every aspect of our culture. From weekly Starbucks Socials, where colleagues gather to connect over coffee and conversation, to ping pong tournaments that ignite friendly competition, to volunteer opportunities around the city, we celebrate the camaraderie and sense of community that unite us. This not only enhances collaboration and teamwork but creates a supportive environment that inspires us to excel in our professional pursuits.