Loeb & Loeb hired Peter Seiden and Bryan Petkanics to join its New York office as partners in its commercial finance practice.
Seiden and Petkanics join from LeClairRyan, where they were partners in the firm's New York office, prior to which they were partners at Seiden Wayne.
Both worked together at Seiden Wayne for 27 years before the firm merged with LeClairRyan in 2007. The pair will be joined by Raymond Dusch, senior counsel, and John Oberdorf III, associate, who also come from LeClairRyan.
Seiden's practice focuses on representing banks and other financial institutions in loan and commercial transactions. His experience includes general lending, private equity and subscription line financing, lending to hedge funds and funds of funds, commercial real estate lending deals, swaps and derivatives, art loans, aircraft leasing and lending, margin lending, letters of credit, various leasehold arrangements and other forms of secured lending.
Petkanics also devotes his practice to the representation of banks and other financial institutions in private banking and commercial lending offerings, including secured and unsecured lending, private equity and subscription line financing, letters of credit, project finance and various other credit arrangements. Much of his work has involved foreign banks and offshore entities. His experience includes financings structured around hedge fund interests, private equity interests, fine art, aircraft, marketable securities, real property and other personal property. He also has expertise in asset-based lending, derivatives, restructuring and loan workouts.
Dusch has represented domestic and international financial institutions in all aspects of asset-based financing and equipment leasing for over 30 years. His practice is mostly on sophisticated financing and leasing deals such as senior and subordinated secured and unsecured loans by banks and other commercial lenders, equipment leasing and financing deals and securitizations, and representation of borrowers like private equity funds and their portfolio companies.
Oberdorf III focuses his practice on commercial finance, corporate law, mergers and acquisitions, and intellectual property matters and deals. Much of his work involves the representation of banks and other financial institutions in private banking and commercial lending transactions such as secured and unsecured lending, private equity and subscription line financing, lending to hedge funds and fund of funds, art loans, and various other credit arrangements. He also advises clients on a variety of corporate law matters and transactions arising from formation through and including ultimate sale, merger, and/or dissolution, and with a special emphasis on the digital media, marketing, and technology industries.
"Peter and Bryan have a great depth of experience working with some of the largest private banking and financial institutions in the country, and excellent reputations among their peers and clients,"David Schaefer, managing partner of Loeb & Loeb's New York office said.
"Loeb & Loeb's prominence and national recognition in the marketplace, along with its deep experience in banking, private equity and private wealth management will provide a great platform to further build-out our practice," Seiden said. "We look forward to working with our new colleagues in New York as well as leveraging the firm's strong west coast and Asian presence, which will be a great asset for our clients."
"We are so pleased to be joining Loeb & Loeb and know that the firm's footprint, infrastructure and broad strengths in workouts and restructurings, corporate, tax and litigation areas will be a perfect strategic fit for our practice," Petkanics added.