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Eric S. Rein
Member
Litigation
International Law
Bank Regulatory
Bankruptcy and Restructuring
Real Estate
Consumer Financial Services
Restructuring, Workouts & Foreclosures
International Asset Recovery Group

rrein@dykema.com
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Chicago, Illinois
312-627-2279

Education
Washington University, B.A.
University of Miami, J.D.

Admitted to Practice
Illinois  1981
Florida  1982
U.S. Court of Appeals, 7th Circuit  1983
U.S. Court of Appeals, 4th Circuit  2002
Rick Rein primarily concentrates his practice in multijurisdictional litigation, specifically the recovery of foreign claims and assets.
 
Mr. Rein is well regarded for his knowledge of international legal systems and frequently serves as special counsel to the financial services industry, corporations, attorneys, accountants, trustees, receivers and high-net-worth individuals.  He has handled complex international banking and fraud matters in more than 40 jurisdictions throughout North and South America, Asia, Africa, the Caribbean, and Europe.  Mr. Rein was the first U.S. attorney to employ the Mutual Legal Assistance Treaty in Uruguay.  He also was the first U.S. Attorney to obtain Norwich Pharmacal relief in Vancouver, British Columbia.
 
Mr. Rein is a well-sought-after interview source on the topic of international asset recovery and is frequently called upon by the media.  He has been interviewed by the Associated Press, Bloomberg News, The Wall Street Journal, Forbes, CNNMoney, First Business, and various industry trade publications.  He also has authored several articles about the nuances of international litigation for legal publications such as the New York Law Journal, Banking Law Journal, and Latin American Law and Business Report.  Past speaking engagements include presentations to the Association of Certified Fraud Examiners, Turnaround Management Association, International Bar Association, American Bar Association, and the Florida and New York Bar Associations.
 
Mr. Rein regularly advises secured creditors in workout and restructuring transactions, including forbearance agreements.  He assists secured creditors in recovering pledged collateral through Uniform Commercial Code sales and commercial mortgage foreclosures, in prosecuting claims based on fraud, non-performing loans, intercreditor disputes and loan commitment litigation and in defending creditors against whom claims have been asserted.  He has extensive financial services litigation experience in state and federal venues at the trial and appellate level.

Significant Decisions

  • SEC v. Homa, 2006 U.S. Dist. LEXIS 82638 (D. Ill. 2006)

  • Telemark Dev. Group v. Mengelt, 313 F.3d 972 (7th Cir. 2002)

  • Proin S.A. v. LaSalle Bank, N.A., 223 F.Supp.2d 960 (D. Ill. 2002)

  • Malan Realty Investors, Inc. v. Meridian Entm't Group, Inc., 2000 U.S. Dist. LEXIS 17936 (D. Ill. 2000)

  • M W Mfrs. v. Friedman Corp., 1998 U.S. Dist. LEXIS 11309 (D. Ill. 1998)

  • LaSalle Rolling Mills v. Asturiana de Zinc Mktg., 1997 U.S. Dist. LEXIS 3736 (D. Ill. 1997)

  • NWI Int'l v. Edgewood Bank, 291 Ill. App. 3d 247 (Ill. App. Ct. 1997)

  • Thermodyne Food Serv. Prods. v. McDonald's Corp., 940 F.Supp. 1300 (D. Ill. 1996)

  • Progressive Land Developers v. Exchange Nat'l Bank, 266 Ill. App. 3d 934 (Ill. App. Ct. 1994)

  • UNI Imports, Inc. v. Aparacor, Inc., 978 F.2d 984 (7th Cir. 1992)

  • Midwest Indus. Funding, Div. of Rivera Lend Lease, Inc. v. First Nat'l Bank, 973 F.2d 534 (7th Cir. 1992)

  • East Peoria Community High School Dis. No. 309 v. Grand Stage Lighting Co., 233 Ill. App. 3d 481 (Ill. App. Ct. 1992)

  • Stoller v. Exch. Nat'l Bank, 199 Ill. App. 3d 674 (Ill. App. Ct. 1990)

  • First Nat'l Bank v. Sylvester, 196 Ill. App. 3d 902 (Ill. App. Ct. 1990)

Seminars and Speeches

  • 6/23/2010  Legal Issues in International Asset Recovery, Lawline.com course
  • 4/29/2010  An Introduction to the New ABI Commercial Fraud Manual and Application to a Recent Case Study, ABI Annual Spring Meeting, National Harbor, MD
  • 8/2/2009  International Asset Recovery: Pursuing a Global Fraud (Moderator), ABA Annual Meeting, Chicago, IL

Publications

  • "Commercial Fraud Manual," American Bankruptcy Institute (co-author)  (2010)
  • "Beyond Madoff: Navigating Recoveries of Worldwide Frauds," Hedgeworld Reuters  (July 2009)
  • "ABI Commercial Fraud Task Force eNewsletter," American Bankruptcy Institute  (February 2008)
  • "Litigation and Recovery of Assets in Argentina," Latin American Law and Business Report
  • "International Fraud: Freeze, Seize, and Retrieve," Banking Law Journal

Professional Associations

  • Chicago Bar Association
  • Illinois State Bar Association
  • Florida Bar Association
  • American Bar Association
  • International Bar Association
  • Banking & Lender Liability Subcommittee, Commercial & Business Litigation Committee, American Bar Association (Chair)
  • Turnaround Management Association (Member)
  • Risk Management Association (Member)
  • National Association of Bankruptcy Trustees (Member)
  • Association of Certified Fraud Examiners (Member)
  • Association of Certified Anti-Money Laundering Specialists (Member)

Civic and Cultural Involvements

  • Jewish Community Center of Chicago (President)

  • Jewish Federation of Chicago (Member, Board of Directors)

  • Jewish United Fund Leadership Division (Past Member)

  • Ravinia Festival Associates (Past Member, Board of Directors)

  • Bernard Weinger Jewish Community Center (Past President)