Adam N. Olls
Adam Olls concentrates his practice on financial institution regulatory compliance and utilities law. Mr. Olls also has experience in appellate advocacy and counseling clients on a wide variety of business law issues.
Mr. Olls advises financial institutions on a host of regulatory issues, primarily arising in the consumer banking field, including issues related to the Gramm-Leach-Bliley Act, Federal Credit Union Act, Right to Financial Privacy Act, North Carolina Financial Privacy Act, Uniform Fiduciaries Act, North Carolina Powers of Attorney Law, Uniform Commercial Code, Fair Credit Reporting Act, Freedom of Information Act, Internal Revenue Code, Truth in Lending Act, Truth in Savings Act, Electronic Funds Transfer Act, Bank Secrecy Act, and Garn-St. Germain Depository Institutions Act, among others. Mr. Olls provides counsel concerning the wide-ranging day-to-day issues that arise in the context of consumer banking, ranging from subpoena compliance to adverse claims. Additionally, Mr. Olls has experience in the formation, operation, and structure of financial institution affiliates, including insurance companies and broker-dealers, among others. When litigation arises, Mr. Olls has participated in the defense of claims involving financial institution services and products, ranging from FINRA arbitration to putative class proceedings.
Mr. Olls also devotes a substantial portion of his practice to utility law matters, including representation of the interests of large industrial customers on electric rate issues before the North Carolina Utilities Commission. Mr. Olls' practice in this area includes experience participating in general rate cases, rate design, cost of service issues, fuel proceedings, tax matters, cost allocation for demand-side management and energy efficiency measures, and development of job retention riders, among others.
Mr. Olls also has appellate advocacy experience in North Carolina courts. Mr. Olls's reported cases include: Beason v. N.C. Dep't of Sec'y of State,
742 S.E.2d 209 (N.C. Ct. App. 2013); Beason v. N.C. Dep't of the Secy. of State, 743 S.E.2d 41 (N.C. Ct. App. 2013); Hamilton v. Mortgage Info. Servs.,
No. COA 12-584, 2012 N.C. App. LEXIS 1410 (N.C. Ct. App. Dec. 18, 2012) (petition for discretionary review pending); Turner v. Hammocks Beach Corp.
, No. COA 11-1420, 2012 N.C. App. LEXIS 1392 (N.C. Ct. App. Dec. 18, 2012) (discretionary review before the Supreme Court of North Carolina pending); Kirkland's Stores, Inc. v. Cleveland Gastonia, LLC,
733 S.E.2d 885 (N.C. Ct. App. 2012); Hamilton v. Mortgage Info. Servs.
, 711 S.E.2d 185 (N.C. Ct. App. 2011); State v.Blue Ridge Tank Co.
, 698 S.E.2d 557, 2010 N.C. App. LEXIS 1513 (N.C. Ct. App., 2010), disc. rev. denied
, 364 N.C. 442, 703 S.E.2d 147 (2010); State Employees' Credit Union v. Hendryx,
689 S.E.2d 244, 2009 N.C. App. LEXIS 2379 (N.C. Ct. App., 2009).
Mr. Olls regularly counsels clients on business law issues and transactional matters. Mr. Olls has negotiated and closed asset purchases, real estate financings, long-term lease transactions, and loan modifications. Additionally, Mr. Olls has negotiated, documented, and closed senior and mezzanine financing, acted as local counsel for complex debt financing, negotiated and drafted supply agreements, leases, asset purchase agreements, guaranties, and letters of intent; and represented borrowers on various financing transactions.
A Raleigh native and lifelong Tar Heel, Mr. Olls graduated with honors from the University of North Carolina School of Law, where he served on the North Carolina Law Review as a staff member and the North Carolina Issue editor.
Prior to attending law school, Mr. Olls obtained a Bachelor of Science in Business Administration from the Kenan-Flagler Business School at the University of North Carolina where he attended as a William Richardson Davie Scholar.
Among other civic involvement, Mr. Olls currently serves as a member and vice-chairmen of the Board of Directors of North Carolina Rail-Trails and a member of the Board of Directors of Foreign Trade Zone #93. Mr. Olls has also served as assistant treasurer to the 2010 and 2012 Campaign to Elect Judge Cressie Thigpen.
Mr. Olls is currently a member of the Wake County Bar Association, the Tenth Judicial District Bar, the North Carolina Bar Association and the American Bar Association.