Best & FlanaganBest & Flanagan
James C. Diracles is a member of the Business Law and Native American Law practice areas. His practice focuses on financing, securities, mergers and acquisitions, general corporate law, and Native American law focusing on tax, financing and business development matters. He serves small to medium-sized public corporations, private businesses, start-ups, real estate developers and Native American clients, and offers them an experienced point of view from which to confront the legal issues.
His projects include representing both buyers and sellers in corporate acquisitions, a variety of corporate and governmental financings, and advising outside board members and special committees with regard to SEC enforcement actions. Jim’s work with Native American tribes has included restructuring trusts for Tribal children to achieve tax-deferred status and obtaining a ruling from the IRS that tribal housing program benefits are not subject to income taxation.
Recently, Jim successfully negotiated a multi-million dollar grant from the Mexican federal and state governments to support the establishment of a semi-conductor industry in Mexico. He also has completed Private Investments in Public Entities (PIPEs) transactions.
Jim is the General Counsel for Silicon Border, a real estate development company that is developing a 5,000-acre (2,000 hectare) high technology science park in Mexicali, Mexico.
As part of his work for Native American tribes, Jim has arranged a wide variety of different financings including $280 million for casino expansion from National City Bank and US Bank.
Jim has been named a “Super Lawyer” (1999-present) and a “Top Ten Merger and Acquisition Lawyer” by Minnesota Law & Politics. In his spare time, he likes to garden, collect coins, and travel.
University of Minnesota, J.D., cum laude, 1973
Colorado College, B.A., English, 1970
State of Minnesota, 1973
U.S. District Court, District of Minnesota, 1973
U.S. Tax Court, 1980
U.S. Supreme Court, 1983
American Bar Association
Minnesota State Bar Association
Hennepin County Bar Association