Shannon E. Daily

As counsel on the structured finance and securitization team, Shannon focuses on asset-based financing transactions, distressed lending transactions, and securitizations.

Shannon represents financial institutions and other players in mortgage warehouse facilities, including early buy-out and gestation facilities, and distressed lending transactions. She also has represented clients with respect to corporate bankruptcy proceedings, out-of-court restructurings, and legal opinions for complex transactions for asset based-lending, safe harbored financial contracts, asset securitizations, and other capital markets transactions.

Shannon handles a variety of pro bono matters, including landlord/tenant disputes for the Pro Bono Housing Unit at Legal Aid Justice Center, veteran’s benefit cases for the National Veterans Legal Services Program, collection disputes for local non-profit organizations, estate planning and corporate governance matters for CancerLINC, and corporate governance matters for Dancing Classrooms Greater Richmond, Inc. and the Central Virginia Combined Training Association.

Shannon is admitted to practice before the Third Circuit, the US District Courts for the Eastern and Western Districts of Virginia, and the US Bankruptcy Court for the Eastern District of Virginia.

Relevant Experience

  • Represented publicly traded company in negotiation of $2 billion non-mark-to-market term borrowing facility.
  • Represented mortgage real estate investment trusts in global forbearance of relevant repurchase financing arrangements due to margin calls related to COVID-19 pandemic.
  • Represented global financial institutions and national mortgage lenders in negotiation of various repurchase and gestation facilities.
  • Represented global financial institution in connection with exit financing for mortgage lender exiting bankruptcy.
  • Represented national mortgage lender in servicer advance financing and mortgage servicing rights financing.
  • Represented working capital lender in repurchase facility for novel assets.
  • Represented corporate chapter 11 debtors, including a national blood testing laboratory and its affiliates, a national manufacturing company and its affiliates, and several energy companies and their affiliates, in their bankruptcy cases.
  • Represented creditors’ committees and secured and unsecured creditors in numerous chapter 11 cases in various industries, including retail, healthcare, petroleum, energy and finance.
  • Represented joint venture partners in unexpected bankruptcy filing by an international retail chain and expedited investigation and reorganization process.
  • Represented agent, on behalf of secured lender group, in appeal of a bankruptcy court settlement order to the US Supreme Court.
  • Represented various parties to complex transactions by providing insolvency-related structuring advice and legal opinions, including non-consolidation, safe harbor, true sale and authority to file opinions.
  • Represented lenders in connection with appointing receivers to manage properties, including hotels and housing units.
  • Represented equine rescue organization in the sale of an iconic racehorse training facility that resulted in the preservation of approximately 150 acres by conservation easement.
  • Represented major international manufacturing company regarding environmental matters and workout of third party insolvency issues.
  • Represented national insurance company regarding disputed beneficiary claims.
  • Represented chapter 11 debtors as well as secured and unsecured creditors in various avoidance action proceedings, including preference, turnover and fraudulent transfer actions.
  • Represented insurance guaranty association in numerous insurance company insolvencies.
  • Represented commercial landlords in unlawful detainer, warrant in debt, garnishment and attachment proceedings.
  • Represented clients in complex trades of derivative and other bankruptcy claims and participation rights.

Memberships

  • Member, American Bankruptcy Institute
  • Member, Richmond Bar Association
  • Member, Virginia Bar Association
  • Member, Phi Beta Kappa Society
  • Development Committee, CancerLINC
  • Co-President, Central Virginia Combined Training Association

Awards & Recognition

  • E. Randolph Williams Award for Outstanding Pro Bono Service, 2010-2020
  • Selected as one of Richmond’s Top 40 Under 40 by Style Weekly, 2017 

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