Brian Garzione drafts NABL's “Analysis of SIFMA Model Memorandum to Underwriter's Counsel”
On September 26, 2018, the Securities Industry and Financial Markets Association (“SIFMA”) released its “Model Memorandum to Underwriter’s Counsel for New Issues of Municipal Securities” (the “Memorandum”). Intended as a model for an underwriter to use when engaging underwriter’s counsel, the Memorandum sets forth the underwriter’s expectations regarding the role and duties of underwriter’s counsel and highlights in some detail the proposed parameters of the engagement.
The purpose of the NABL analysis is to highlight issues to consider when reviewing the Memorandum or other written guidance modeled on the Memorandum and it also includes recommendations on how the proposed duties may be modified and/or limited in scope.
NABL Analysis of SIFMA Model Memorandum to Underwriter's Counsel can be found here.
SIFMA’s Model Memorandum to Underwriter’s Counsel can be found here.
Underwriters’ Counsel in Public Finance Nationally
Also of Interest
- Guidance from Treasury regarding USD LIBOR Phase-Out
The Hawkins Advisory discusses recently published Proposed Treasury Regulations that provide guidance as to the ability of parties to variable rate debt and other contracts that currently rely on LIBOR as an interest rate benchmark to alter the documents for these transactions for the purpose of incorporating interest rates reflective of other reference rates. The Advisory also reviews the status of other regulatory efforts to prepare the capital markets to transition from broad reliance upon LIBOR.
- Hawkins Attorneys Named to 2019 New York Metro Super Lawyers Lists
Hawkins is pleased to announce that three of the firm's attorneys have been selected to the 2019 New York Metro Super Lawyers list.
- Carol McCoog Elected to the American College of Bond Counsel
Carol McCoog has been elected a Fellow of the American College of Bond Counsel (ACBC).
- Hawkins Elects Alexis Harrington to Partner
Hawkins Delafield & Wood LLP is pleased to announce the election of Alexis Harrington to the partnership, effective January 1, 2019.