International Finance

Miles & Stockbridge has a sophisticated international finance practice comprised of lawyers who bring decades of experience with complex global financing, transactional and tax issues and an extensive network of legal and financial counsel worldwide to every deal.

In addition to the many collegial relationships we have formed in the representation of clients around the world, we are proud to be the Maryland representative of TerraLex, an alliance of more than 155 independent law firms in 100 countries and 44 U.S. states.

Representation of Multinational Borrowers and Banks

We have represented a significant number of foreign-owned entities in their U.S. activities, as well as representing banks and commercial lenders involved in international finance. Our continuing counsel to several Fortune 500 multinational corporations and major global financial institutions enhances our experience in routine and complex international acquisitions, dispositions and cross-border financings. We provide legal counsel on the structure of transactions that deal effectively with applicable restrictions on collateral realization, repatriation and debt repayment to maximize foreign tax credits and manage negative tax and regulatory consequences. Our work in credit enhancement, an area of growing importance that serves to mitigate risk in markets where political or economic uncertainties may disrupt payments, is an increasingly important part of our international finance practice.

Global Capital

We represent some of the world's largest commercial lenders in structuring multinational credit facilities for corporations with subsidiaries or significant operations in nearly all countries within the European Union and many located in Eastern Europe, Latin America and Asia. Many of these arrangements involve direct obligations of foreign subsidiaries of U.S. corporations, which are secured by assets located in other countries and structured to maximize collateral value, minimize U.S. and foreign tax obligations, and reduce lender risk.

Trade Finance

For over 35 years, we have represented lenders to U.S. exporters and buyers of U.S.-manufactured products and represented banks engaged in working capital and end-user export finance, which often involves the use of guarantee or insurance products offered by the Export-Import Bank of the United States. Some of these loans are structured as secured project finance transactions, while others have involved intercreditor arrangements with other lenders, subordinated debt, or real estate or equipment as collateral.