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Eric (Rick) S. Rein Partner
  • D 312.606.3227
  • F 312.267.2240
rrein@hmblaw.com
Eric (Rick) S. Rein
"For a successful recovery, the objective is to discover, freeze and seize assets. The best way to achieve this is by reversing the litigation paradigm and focusing on recovering first, not last."

Rick is a partner at HMB and a member of the firm’s Litigation Group. He concentrates his practice on secured creditors’ rights, bankruptcy representation, loan enforcement and international litigation to recover claims and assets.

Rick regularly advises financial institutions, hedge funds, privately-held companies, bankruptcy trustees, receivers, non-bank lenders and high-net-worth individuals on a broad range of workout, restructuring and transactional matters. He helps secured creditors recover pledged collateral through Uniform Commercial Code sales and commercial mortgage foreclosures, as well as prosecute claims based on fraud, non-performing loans and intercreditor disputes. Additionally, he defends creditors against third-party claims when asserted.

Highly-regarded for his knowledge of international legal systems, Rick frequently serves as special counsel to corporations, individuals and their advisors as they navigate complex international banking and fraud matters. His pioneering status as the first U.S. Attorney to employ the Mutual Legal Assistance Treaty in Uruguay, obtain Norwich Pharmacal relief in Vancouver, British Columbia and enforce consent directives in bankruptcy court in the state of Washington make him a sought-after media expert on international asset recovery.

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Doing What’s Best for Your Business

Clients rely on Rick’s unique and expansive knowledge of international law and his business first approach to litigation. Rick focuses on what’s best for your business and what you’re trying to accomplish through litigation. Sometimes it’s best to settle, sometimes it’s best to go to trial. As an accomplished trial attorney, Rick is practical and aggressive.

Education

University of Miami, J.D.

Washington University, B.A.

Admissions

Illinois

Florida

U.S. Court of Appeals, 1st Circuit

U.S. Court of Appeals, 4th Circuit

U.S. Court of Appeals, 7th Circuit

Honors

Asset Recovery Lawyer of the Year (2014)

Professional Memberships

  • American Bar Association, Commercial & Business Litigation Committee, International Litigation Subcommittee, Co-Chair
  • American Bankruptcy Institute, Commercial Fraud Committee, Co-Chair
  • Chicago Bar Association, Member
  • International Bar Association, Member
  • Jewish Community Center of Chicago, Honorary Director
  • National Association of Bankruptcy Trustees, Member
  • National Association of Federal Equity Receivers, Member

Events

Publications

  • Zone of Insolvency and Fiduciary Duties – a Brief Summary of What Directors and Officers Need to KnowMarch 23, 2020

    The outbreak of the COVID-19 pandemic has impacted businesses and commercial relationships worldwide. As commercial operations continue to be shuttered and revenues cut off, principals of companies will likely find themselves questioning where their obligations and responsibilities lie when the entity’s solvency is questionable.  When a corporation is solvent, the fiduciary duties of the corporation's board of directors run to…

  • Indicate Precisely What You Mean to Say: The Importance of Accuracy on UCC-1 Financing StatementsMarch 18, 2020

    UCC-1 Financing Statements are an integral tool in a secured creditor’s toolbox. They perfect a lender’s interest and broadcast notice of this perfected lien to all present or future creditors, putting out the warning that a security interest against the debtor’s collateral exists. An effective financing statement has three requirements: (1) the debtor’s name; (2) the creditor’s name; and (3)…

  • John Guzzardo and Rick Rein Published in NABT American Bankruptcy Trustee JournalJanuary 15, 2019

    John Guzzardo and Rick Rein wrote an article for NABT American Bankruptcy Trustee Journal regarding the use of Consent Directives to locate offshore assets. A consent directive is a "rare bird" investigatory tool that litigants in the US may use to discover assets and information from debtors or third parties located anywhere in the world. Recently, the Ninth Circuit Bankruptcy…

  • Challenges in Discovering Perpetrators of International Cryptocurrency FraudsMay 14, 2018

    The use of cryptocurrencies is increasing at a staggering pace. As cryptocurrency use becomes mainstream, its use as a form of payment and storage as an asset will increase across industries and among companies and individuals.

  • Look Before You Leap: Demystifying Cross-Border RecoveriesOctober 29, 2017

    Rick Rein Contributed to an article discussing Local jurisdictions and establishing a plan of action for achieving an international recovery of an asset.

News

  • HMB Adds Four New PartnersOctober 19, 2011

    CHICAGO BUSINESS LAW FIRM HORWOOD MARCUS & BERK ADDS FOUR CORPORATE PARTNERS, SIGNIFICANTLY EXPANDS SERVICES IN BANKING, FINANCE CHICAGO, September 13, 2011 - Four highly-experienced partners have joined the Chicago business law firm of Horwood Marcus & Berk Chartered (HMB), expanding the firm's service offerings in the areas of banking, finance, securities, restructuring and bankruptcy, as well as commercial litigation. The four…

  • HMB Adds Four New PartnersOctober 19, 2011

    CHICAGO BUSINESS LAW FIRM HORWOOD MARCUS & BERK ADDS FOUR CORPORATE PARTNERS, SIGNIFICANTLY EXPANDS SERVICES IN BANKING, FINANCE CHICAGO, September 13, 2011 - Four highly-experienced partners have joined the Chicago business law firm of Horwood Marcus & Berk Chartered (HMB), expanding the firm's service offerings in the areas of banking, finance, securities, restructuring and bankruptcy, as well as commercial litigation. The four…

blog

Education
  • University of Miami, J.D.
  • Washington University, B.A.
Admissions
  • Illinois
  • Florida
  • U.S. Court of Appeals, 1st Circuit
  • U.S. Court of Appeals, 4th Circuit
  • U.S. Court of Appeals, 7th Circuit
500 West Madison Suite 3700
Chicago IL 60661

Phone: 312-606-3200 Fax: 312-606-3232
© Horwood Marcus & Berk Chartered 2020. All Rights Reserved.
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