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Gary S. Lee

Finance Department Co-Chair

Morrison & Foerster LLP

HQ Phone:  (415) 268-7000

Direct Phone: (212) ***-****direct phone

Email: g***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Morrison & Foerster LLP

425 Market Street

San Francisco, California,94105

United States

Company Description

We are Morrison & Foerster-a global firm of exceptional credentials. Our clients include some of the largest financial institutions, investment banks, Fortune 100, technology and life science companies. We've been included on The American Lawyer's A-List for 1...more

Web References(58 Total References)


2013 Top 100 Turnaround Professionals « Global M&A Network

globalmanetwork.com [cached]

Gary S. Lee
Partner, Chair of Business Restructuring and Insolvency; and Co-chair Finance Morrison & Forester


2014 Top 100 Turnaround Professionals « Global M&A Network

globalmanetwork.com [cached]

Gary S. Lee
Partner, Chair, Business Restructuring and Insolvency Group Morrison & Forester


Gary Lee | International Insolvency Institute

www.iiiglobal.org [cached]

Gary Lee
Gary Lee's picture Morrison & Foerster LLP 1290 Avenue of the Avenues , New York, 10104-0050 NY, USA T. 212-468-8042 F. 212-468-7900


FBIC - R.I. Case Could Have Impact on Insurer, Reinsurer Run-Off Portfolios - Badfaithinsurance.org

www.badfaithinsurance.org [cached]

Gary Lee, a partner in the New York office of Morrison & Foerster who represented GTE Re, said because many insurers and reinsurers have long-tail run-offs in place that can run into the tens of billions of dollars, having a system whereby they can extinguish some of their liability without going through insolvency proceedings can "offer them attractive balance sheet and capital incentives."
The case could prove to be an incentive for insurers and reinsurers with U.S. run-off portfolios, he said. "Mechanisms similar to the one in Rhode Island have worked quite well in places like the U.K. for the past 10 years. Over time, more and more insurers and reinsurers have come to regard this as an appropriate way to discharge their liability," Lee said. Rhode Island has the advantage of having a Department of Business Regulation having experience with the process, knowing how to screen these plans and now having its law upheld in court, he said, noting "that puts every other state behind in this area." Lee said in order for other states to consider enacting laws similar to Rhode Island's, they would have to ensure that regulators play an active role in screening and analyzing proposed commutation plans. "DBR played a very important role in pre-screening this and negotiating the terms of the scheme," Lee said. He added he did not know whether the Odyssey insureds planned to appeal the decision. They were represented by


People | Morrison Foerster

www.mofo.com [cached]

Gary S. Lee
Partner


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