The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

Hogan Lovells US LLP

COLUMBIA SQUARE, 555 THIRTEENTH STREET, NW, WASHINGTON DC 20004, USA
Tel:
Work +1 202 637 5600
Fax:
Fax +1 202 637 5910
Email:
Web:
www.hoganlovells.com

Richard Schaberg

Tel:
Work 1 202 637 5671
Email:
Hogan Lovells US LLP

Position

Global co-head of the Hogan Lovells Financial Institutions sector and co-head of the Financial Institutions Group. Richard has been engaged in corporate, securities, and bank regulatory representation and management of public offerings since 1985. He advises chartered financial institutions and regulated and unregulated financial service providers in the US and internationally. Richard advises financial institutions in M&A, capital formation and access to public and private capital markets, corporate governance and securities listing matters.

Member

ABA, Federal Bar Association, Massachusetts Bar Association, NY State Bar Association, Agawam Council

Education

J.D., The George Washington University Law School, B.A., cum laude, Bucknell University.


United States: Finance

Financial services regulation

Within: Financial services regulation

Led out of Washington DC by Richard Schaberg, Hogan Lovells US LLP’s financial institutions regulatory practice benefits from strong ties to regulatory officials and is well placed to advise clients on an array of bank regulatory matters, as well as on regulatory-driven transactional mandates. Schaberg recently advised Westfield Financial on its $110m merger with Chicopee Savings Bank to create the largest locally managed bank in Hampden County, Massachusetts. In addition to traditional bank regulatory work, the firm has been increasingly active within the fintech space, including advising Santander as it seeks to invest in start-ups through its recently launched fintech fund. The firm’s strong ties to many institutions within the community banking arena has led to a raft of work as such entities also seek to develop a greater presence in the fintech space; examples include its work for BancAlliance, a network of community banks, in its response to a recent White Paper issued by the OCC regarding responsible innovation in the federal banking system. Schaberg is also acting for BancAlliance in its partnership with online small business direct lender Fundation on the development of an innovative fintech platform enabling small businesses and banks to connect with each other through a Fundation software platform. Greg Parisi and Stuart Stein are also key members of the team, which was strengthened by the arrival in May 2016 of former commissioner of the Federal Trade Commission Julie Brill, who adds weight to the firm’s capability in data privacy and cybersecurity matters.

[back to top]


Back to index

Legal Developments by:
Hogan Lovells US LLP

  • Hong Kong Enacts Competition Law

    After years of debate, on 14 June 2012 and in its last days of office, the Legislative Council finally enacted Hong Kong’s first cross- sector competition law.
    - Hogan Lovells

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • EU and Malta Securitisation Market

    Following the US subprime crisis that began in 2007, the notion of securitisation has suffered from bad press that tainted its reputation. However, securitisation is still considered as an essential component to continued economic recovery and for well-functioning financial markets.
  • PATENTABILITY OF SOFTWARE IN SINGAPORE

     leading_lines_newsletter_dec_2017
  • DOJ Makes the Pilot Program Permanent and Announces FCPA Corporate Enforcement Policy

    The US Department of Justice ("DOJ") had announced a pilot program [1] ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate. The Pilot Program was to remain in effect for 1 year, starting from the day of its announcement. On March 10, 2017, the Acting Assistant Attorney General, Kenneth A. Blanco, announced in a speech that the Pilot Program would continue in full force until the DOJ reached a final decision on whether to extend it, and what revisions, if any, should be made to it. [2] The evaluation period of the Pilot Program ended on November 29, 2017, when Deputy Attorney General Rod Rosenstein announced the new FCPA Enforcement Policy ("Policy"), which effectively makes the Pilot Program permanent with some revisions. According to Deputy Attorney General Rosenstein, the FCPA Unit received 30 voluntary disclosures during the time period that the Pilot Program was in force, as opposed to 18 voluntary disclosures that were received during the previous 18-month period. The Policy has been incorporated into the United States Attorneys' Manual in order to "be readily understood and easily applied by busy prosecutors" as opposed to being promulgated in memorandum format. [3]
  • Effects of State of Emergency Law in Turkey On Prison Sentences Under Criminal Execution Laws

    With the Statutory Decree No.671 dated August 17, 2016, and the recent changes with Regulations No.29987 and No.29824 on Regulation Regarding an Amendment on Placement to Open Punishment Execution Facilities effecting execution of the Law No.5275 on Punishment Execution Law has introduced significant changes.
  • [SOUTH KOREA] Supreme Court Affirms Lower Decision, Finding Invalid the Regulations on Foreign ...

    Supreme Court Affirms Lower Court Decision, Finding Invalid the Regulations on Foreign Exchange Report on Incorporation of Offshore Subsidiary by an Offshore Company
  • Disputes on Health-Related Commercial Advertisements under Consumer Law

    Introduction
  • [SOUTH KOREA] New Administration’s Key Environmental Policies

    To step forward as an environment-friendly government, the Moon Jae-in Administration has announced its key environmental policies, including improving safety in chemical substances and household chemical products, and reinforcing implementation measures of the Paris Agreement.  Under the “sustainable development” paradigm, the new administration will continually promote new regulations to protect the environment and strengthen its enforcement of environmental regulations.
  • [SOUTH KOREA] Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an ...

    Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an Ordinary Wage Case 
  • SyCipLaw TMT Bulletin: “More Philippine Data Privacy Act: Are you Ready for Phase II?”

    Controllers and processors who have completed Phase I registration with the National Privacy Commission (NPC) will now have to gear up for Phase II. Phase II involves providing the NPC certain information on the organization’s compliance with the Data Privacy Act (DPA).
  • Crowdfunding - The Path towards a regulatory Framework

      The importance and feasibility of crowdfunding platforms is increasing in stature and importance for current and future the entrepreneurs. Malta has recently acceded to the rising trend by creating its first crowdfunding platform, ZAAR, a reward-based crowdfunding platform who has recently been awarded with the first prize in its section at the National Enterprise Support Awards 2016 also as well as being one of the local projects that have represented Malta at the European Enterprise Promotion Awards 2016, held in Slovakia. Nonetheless start-ups based in Malta with global aspirations often rely on international platforms. An increase in interest has emerged amongst the art and culture community as well in social entrepreneurship projects. Crowdfunding in Malta is still at the early stages of development. Despite this, there are endless opportunities for local entrepreneurs and the local business community. Research has shown that through international crowdfunding platforms, monies have been raised for projects in the field of gaming consoles, apps and software as well as for artistic projects.  Testimony to this is a new game design studio in Malta, that launched its first game, Politicks, raised financing through the crowdfunding platform Indiegogo.