David F.E. Banks

Partner

Dave is a partner with Cades Schutte LLP.  He is the Chair of the Corporate Department, as well as the Chair of the Employment Law and Labor Relations Practice Group and the Corporate and Business Law Practice Group.

With a client base that includes hotel owners, hotel managers and interval ownership programs, a large professional employer organization, regional healthcare organizations, national restaurant chains and local restaurants, construction companies and contractors, a cogeneration facility, national and local retailers, technology product and service providers, venture capital firms, and investment advisors, Dave is one of the most sought after attorneys in the state of Hawai`i.

His corporate practice includes mergers and acquisitions, corporate finance, and securities law compliance, while his employment law practice focuses on counseling clients in matters related to strategic planning, legal compliance, labor and employment issues in M&A transactions, reductions in force, and assisting clients with drafting employment-related agreements, manuals, policies and procedures.

Dave has an AV Preeminent Rating in Martindale-Hubbell Peer Review Ratings, for the highest legal ability and ethical standards, and has been selected by his peers to be included in Best Lawyers in America since 2002. He has been listed in Honolulu Magazine’s “Best Lawyers in Hawai`i” for over 15 years, and has been featured in Chambers USA, “America’s Leading Business Lawyers” in the state of Hawai`i since 2003.

A contributing editor for the ABA’s FLSA and FMLA treatises and annual updates, Dave is an author for BNA’s Treatise on State Wage and Hour Laws, and a regular speaker on labor and employment matters at many local and national seminars.

Recent M&A Transactions

  • Corporate counsel representing Hawai`i-focused impact investment firm in connection with several investments in alternative energy and local food production businesses.
  • Hawai`i counsel representing seller in the sale of ready-mixed, precast and aggregate business.
  • Corporate and labor counsel representing sellers and buyers of hotel properties on Oahu, Maui, Kauai and Hawai`i.
  • Corporate counsel for seller of agricultural plant and production facility.
  • Co-counsel representing purchaser of assets of petroleum retailer exiting Hawai`i market.
  • Hawai`i counsel representing purchaser of popular visitor attraction business.

Recent Securities Transactions

  • Counsel for socially responsible venture fund focused on projects in Hawai`i in multimillion dollar private offering (Regulation D).
  • Counsel for Regional Center in multimillion dollar private offering (Regulation D/Regulation S) for EB-5 investors in agricultural venture in Hawai`i.
  • Counsel for senior assisted living developer in several multimillion dollar private offerings (Regulation D).

Recent Labor and Employment Matters

  • Employment counsel representing ready-mixed, precast and aggregate business assisting with collective bargaining negotiation and grievance arbitration.
  • Employment counsel representing large nonprofit organization with legal compliance matters.
  • Employment counsel representing several companies in the construction and healthcare industries assisting with union avoidance campaigns.
  • Employment counsel representing sellers and buyers of hotel properties on Oahu, Maui, Kauai and Hawai`i.

Landmark Cases

  • Picardy v. Sky River Management, LLC, Pierre and Pamela Omidyar, et al., 249 P.3d 1092 (Haw. App. 2013). Hawai`i Intermediate Court of Appeals affirmed Circuit Court Order staying proceedings and compelling arbitration pursuant to the terms of employment arbitration agreement.
  • Co-Counsel for employer in SCI Management Corp. v. Sims, 101 Hawai`i 438, 71 P.3d 389 (2003). The Hawai`i Supreme Court held the employer was improperly denied its constitutional right to a jury trial. The Court held that an employer who appeals a final order of the Hawai`i Civil Rights Commission pursuant to HRS § 368-16, is entitled to a jury trial on any claims that form the basis of an award of common law damages.
  • Co-Counsel in for successful bidder in Okada Trucking v. Board of Water Supply, 97 Hawai`i 450, 40 P.3d 703 (2002). The Hawai`i Supreme Court held that general contractors were not permitted to perform any work that required a specialty license unless the general contractor itself held the appropriate specialty license.

Education

  • LL.M. Corporate Finance/Securities Regulation (1986), Harvard University
  • M.A. Law & Economics (1983), University of Miami
  • LL.B. (1983), University of New Brunswick
  • B.B.A. (1980), University of New Brunswick, with highest honors

Admissions

  • Hawai`i State Bar (1989)
  • United States District Court for the District of Hawai`i (1989)
  • New Brunswick (Canada) Bar (1983)

Memberships

  • Hawai`i State Bar Association (Business Law, Labor and Employment Law Sections)
  • American Bar Association (Business Law, Labor and Employment Law Sections)
  • ABA Committee on Federal Standards Legislation (FMLA, FLSA and WARN Act Subcommittees)
  • Member liaison for Employers Counsel Network, a national group of top-level management labor and employment law firms with representation in all 50 states – plus Washington D.C. and Canada
  • Member of Management Labor & Employment Roundtable, a national organization of preeminent management labor and employment lawyers
  • Recognized 2015 Who’s Who Legal: Management Labour & Employment Leading Lawyer

Community Involvement

  • Board Member, Hawaii Aquatics Foundation
  • Advisory Board Member, AccesSurf
  • Old Boy Hawaii Harlequins Rugby Club

 

  • Exempt Offerings of Securities in Hawai`i – An Overview for Start-Up Companies and Small Business,” Vol. VII, No. 13, Hawai`i Bar Journal (2003)
  • “Hawai`i’s Response to Regulation D,” Vol. XXIII, No. 1, Hawai`i Bar Journal 1 (1991)
  • “Voting Rights of Limited Partners Under Hawai`i’s Uniform Limited Partnership Acts.” Vol. XL, No. 1, Hawai`i Bar Journal 7 (1989)
  • The Hawai`i Employment Law Letter (Editor in Chief, Regular Feature Writer). See http://www.hrhero.com
  • ABA Annual Supplement on Fair Labor Standards Act