Brooks, Pierce, McLendon, Humphrey & Leonard LLP
Iain MacSween represents business and corporate clients in the fields of banking and financial services, corporate law, mergers and acquisitions, and securities law.
He represents financial institutions and their holding companies on a variety of corporate, regulatory and operational issues. Iain’s experience includes the chartering of de novo banks, the conversion of mutual financial institutions, public offerings, private equity and debt offerings, corporate reorganizations, mergers and acquisitions, regulatory applications and enforcement matters, securities law compliance, corporate governance, labor and employment, executive compensation, commercial contracts, letters of credit, swap transactions and large loans. Iain also represents corporations in connection with commercial loans and mezzanine financing transactions.
As outside general counsel to a number of financial institutions throughout the Southeast, Iain regularly represents these financial institutions and their holding companies in connection with their regulation and supervision by the North Carolina Commissioner of Banks, the Federal Deposit Insurance Corporation (FDIC), the Board of Governors of the Federal Reserve System, NASDAQ and the Securities and Exchange Commission, as well as other federal and state regulators. Iain uses his more than 20 years of legal experience to represent public and private companies in mergers and acquisitions.
He has been practicing law since 1995. Since joining Brooks Pierce in 2005, Iain has served as counsel to issuers, selling shareholders and underwriters in public and private securities offerings having an aggregate value in excess of $1 billion. Iain also counsels publicly traded corporations on federal securities issues, including 1934 Act periodic reporting requirements.
Iain works with individuals and businesses of all sizes in corporate and transactional matters, including the sale and purchase of businesses, commercial contracts, equity and debt financing, and loan workouts.
Iain has a unique background, having practiced law in the United Kingdom for almost a decade before qualifying as an attorney in the United States. As former Business Counsel to a large U.S. and European energy company, Iain provided counsel on regulatory matters, major company and industry reorganizations, financial services, credit risk, environmental matters, construction projects, and real estate matters. He also drafted and negotiated multi-million dollar wholesale energy, construction, and procurement contracts.
He previously practiced in the commercial real estate department of a premier British law firm, where he principally acted on behalf of several multi-national banks and oil and gas companies in property acquisitions, secured lending, private financing initiative projects and commercial lease agreements.
Recognized by Chambers USA: America's Leading Lawyers for Business for Banking and Finance: Mainly Regulatory (2022-2023)
Recognized in North Carolina Super Lawyers (Thomson Reuters) as a “Rising Star” in Banking Law (2013) and Administrative Law (2012)
Received the prestigious "AV" Peer Review Rating from LexisNexis Martindale-Hubbell (highest rating possible and signifies that reviewing lawyers consider him to have "Very High to Preeminent" legal ability and "Very High" ethical standards)