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Professionals 159 results
Capabilities 43 results
Industry
Winston is well regarded for deep and broad experience advising clients in the development, construction, financing and refinancing, acquisition, and operation of major infrastructure assets, including several award-winning deals and public-private-partnership (PPPs or P3s) projects in North America, Latin America, and Europe. Recognized for our ability to “take complex issues and boil them down to pragmatic solutions” (Chambers USA 2023), our team represents a diverse mix of participants and stakeholders in a broad range of investments and non-recourse/limited recourse financings, and we have experience working on many of the most complex projects, within aggressive time frames, while employing inventive solutions. Likewise, our lawyers help to identify and quantify roadblocks and risks at an early stage, so that we can help our clients—which include developers and sponsors, a full range of lenders and investors, project owners and operators, governments and their agencies, and other project counterparties—evaluate and, to the extent possible, mitigate or eliminate risk.
Practice Area
In a global business and legal environment marked by change, U.S. and multinational companies, financial institutions, investors, and entrepreneurs face demanding challenges that significantly impact their businesses. Transactions partners advise clients around the globe to navigate these challenges, adapt to regulatory change, and move transactions to the finish line.
Practice Area
Bankruptcy Litigation & Investigations
Large corporate bankruptcies and companies in financial distress often spawn a complex web of claims by lenders, trustees, debtors, creditors, creditors’ committees, investors, shareholders, and other constituents. Attorneys in Winston & Strawn’s complex commercial litigation group and special situations and restructuring group serve as trusted advisors and resolute advocates to protect clients’ business interests and assets in multifaceted Chapter 11 cases and bankruptcy-related disputes.
Experience 25 results
Experience
|January 10, 2025
Winston Advises on Pioneering Bitcoin Crypto Lending Programs
Winston & Strawn represented subsidiaries of Hankey Group—Hankey Capital, Westlake Financial, and Midway—in structuring new, cutting-edge Bitcoin Lending Programs which provide real estate and luxury vehicle purchasers with innovative ways to pledge Bitcoin as collateral. The Bitcoin Lending Programs provide Hankey with flexibility on loan terms and conditions and offers Hankey’s borrower clients dynamic solutions for pledging Bitcoin as collateral.
Experience
|October 15, 2024
Winston represented Specialty Building Products, LLC, a portfolio company of Winston client TJC, L.P., in connection with a Rule 144A/Reg. S offering of $510,000,000 aggregate principal amount of 7.750% senior secured notes due 2029 issued by Specialty Building Products Holdings, LLC and SBP Finance Corp. In connection with the notes offering, Winston also represented Specialty Building Products in connection with a $215,000,000 incremental term loan B add-on facility and the amendment and extension of an asset-based revolving credit facility. Proceeds from the offering were used, together with the proceeds of the incremental term loan B add-on facility, to refinance existing debt securities. Specialty Building Products, LLC is a leading distributor of specialty building products in North America.
Experience
|February 15, 2024
Winston Closes Financing of the Landmark San Juan Bay Cruise Terminals Project
Winston represented the initial purchaser of US$110M of tax-exempt bonds (including US$42.6M of forward delivery bonds) and the institutional investors that purchased US$77M of privately placed taxable bonds issued by the Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Financing Authority (known by its Spanish acronym “AFICA”). The proceeds were loaned to San Juan Cruise Port LLC (a subsidiary of Global Ports Holding Plc, the world’s largest independent cruise port operator) to finance a project to repair, expand, finance, maintain, and operate certain marine cruise terminals (consisting of Pier 1, Pier 3, Pier 4, Piers 11 to 14, and the Pan American Piers, along with the quay wall and walkways between Pier 1, Pier 2, Pier 3, and Pier 4) in the San Juan Bay pursuant to a 30-year concession.
Insights & News 418 results
Client Alert
|September 12, 2025
|6 Min Read
Debanking Developments: OCC Bulletins Clarify Expectations, but Key Questions Remain
In this alert, Winston’s Financial Services Industry Group examines recent developments in debanking, focusing on two new OCC bulletins that clarify regulatory expectations. While these bulletins provide new insight into how the OCC is addressing debanking under the current administration, they also leave several important questions unanswered.
The OCC’s first bulletin addresses how politicized or unlawful debanking will factor into licensing applications and Community Reinvestment Act evaluations, emphasizing the importance of fair access and treatment. The second bulletin reminds banks of their obligations under the Right to Financial Privacy Act, particularly in light of recent congressional scrutiny, and underscores the need to protect customer financial records unless disclosure is legally required.
What does this mean for you?
In the Media
|September 9, 2025
|1 Min Read
Winston & Strawn partner Chris Gavin spoke with Private Debt Investor to provide his insights into the evolving regulatory landscape surrounding residential transition loans (RTLs). With the ongoing challenges of building enough homes to keep pace with the demand in the U.S. housing market, private lenders are turning to residential transition loans, short-term bridge, construction, or renovation financing for real estate investors, to find new opportunities in the complex housing market.
In the Media
|August 21, 2025
|2 Min Read
Aparna Sehgal Discusses European CRE Recovery with Structured Credit Investor
Winston & Strawn partner Aparna Sehgal spoke with Structured Credit Investor to discuss the findings of the Bayes Business School’s latest European Commercial Real Estate Lending report and the legal issues and trends underpinning them. In addition to valuable data on deal volumes and covenant and pricing terms, the report on European real estate debt markets offers insight into how underlying funding structures and bank participation through the repo/loan-on-loan market are shaping the recovery of different real estate markets at a national and sector level. According to the report, U.K. property values and deal activity have rebounded faster, while European markets remain challenged by a mix of stalled development sales, rising capital costs, and stricter environmental upgrade requirements hold back volumes.
Other Results 20 results
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Flash loans are a subset of smart contracts where uncollateralized loans are made to a buyer and re-paid in the same series of transactions. Flash loans represent essentially risk-free arbitrage opportunities; for example, if a cryptocurrency is being traded for $1 on one exchange and for $2 on another, a savvy trader can use smart contracts to take out a flash loan of $100 worth of the cryptocurrency on the first exchange, sell it for $200 on the second exchange, repay the loan, and pocket the extra $100 as profit as part of a single instantaneous transaction. Flash loans are usually risk-free for lenders as well; if there is no contract executed to return the amount loaned, the initial loan will never be made.
Site Content
The full name of the Dodd-Frank Act is the Dodd-Frank Wall Street Reform and Consumer Protection Act. It was passed in 2010 to regulate the financial market and protect consumers from risky financial practices. The legislation and its rules cover the following:
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FinTech (Financial Technology) is a term used to categorize technology-driven solutions to traditional banking products. FinTech aims to make financial services more accessible to consumers.