Stilas: €1.0 Billion EUR STILAS Closing for Securities Collateral Platform
Online, April 9, 2010 (Newswire.com) - The law firm STILAS International Law Services, P.A., backed by its subsidiary licensed financial services institution STILAS Financial Services, S.A., successfully developed, negotiated and closed a ground-breaking €1.0 Billion Euro deal ($1.4 Billion USD at the time of closing) between a European savings and loan and a Swiss-based investment fund institution. The closing was based entirely upon STILAS proprietary legal structures and documents. The transaction was closed as part of law firm work for the European Union banking institution as a client of STILAS.
The successful transaction consisted of using an innovative, solid documentary legal vehicle to tap into intangible assets of a financial institution such as financial product models and asset management capabilities. The legalities of the transaction then transforms the intangible assets into quantifiable equity value, and leverages them to obtain cash-backed assets. It was modeled after traditional venture capital equity-asset based investment, but at a more sophisticated level. This highly effectivenew legal strategy was designed by STILAS founder Matthew Greene, to enhance the financial positions and standing of growing banking institutions.
Led by the economic security authority and government-caliber international legal expert Matthew Greene, STILAS developed the winning contractual and securities formulas, and applied the collective experience of STILAS financial executives to effectively implement and close the transaction. The deal resulted in obtaining €1.0 Billion Euro in cash-backed medium term note (MTN) bonds issued by the Swiss institution and its offshore investment funds.
The complexset of integrated legal documents provided by STILAS was hailed as a landmark achievement and cutting edge technology in legal and financial sciences. The essence of this latest STILAS accomplishment is a working method of quantifying, leveraging and indirectly monetizing intangible and intellectual property assets of direct financial application and commercial utilization value, through equity asset leveraging principles. It results in obtaining tangible securities bonds of immediate bookable asset value, based upon solid legal doctrines and financial principles.
This landmark STILAS legal work, also consisting of a new financial product in its own right, provides availability of legally valid and properly documented additional equity value for an institution, that can be monetized without any risk or liability to any involved parties to the transaction.
According to executives of both financial institutions involved, the STILAS legal documents were so clear, direct, risk-free and highly effective, that negotiations were as fast as a record-breaking 45 minutes, and contract review by lawyers of both institutions was also satisfactorily completed within only 24 hours with no questions, and the STILAS documents were immediately signed and registered with both institutions. As one banking executive expressed, "it is clear that perhaps the fastest closing in history was the result of years of hard work and meticulous preparation by STILAS. Both institutions instantly understood that the transaction, while new to us, was perfectly conceived and absolutely safe and profitable."
The Chairman of the European banking institution, a STILAS client, commented that "we are pleased and excited at this unique accomplishment by STILAS in our interests." The Managing Director of the institution added that "this successful closing by STILAS for our benefit has fundamentally shifted the whole profile and financial standing of our institution to a higher level," allowing it to more fully engage in difficult project financing loan transactions in cooperation with elite Swiss and other European banks.
The banking institution client has already agreed to leverage the securities bond assets from the successful STILAS closing to contribute liquidity for structured collateral financing transactions for the benefit of STILAS clients who are seeking international project financing loans. This is expected to result in a substantial cash collateral platform to provide cash-backing for project financing.
(Case results depend on many factors unique to each case, including facts of a case and decisions of independent third parties. No firm can guarantee a positive result in any particular case.)