Phillip (Phil) Hosp is a partner in Foley & Lardner LLP’s Commercial Litigation Practice and a trial lawyer whose work centers on financial services and private credit litigation. He represents private credit funds, direct lenders, banks, private equity funds and sponsors, real estate investment trusts, and fintech companies in their toughest disputes, delivering business-driven strategies that win in court, in arbitration, and at the settlement table. His practice spans private credit and direct lending disputes, loan enforcement and workouts, complex commercial litigation, securities litigation, financial services investigations, receiverships, and bankruptcy proceedings.

Phil helps private credit funds and their lenders enforce loans, protect collateral, and recover on defaulted and distressed credit. He handles borrower defaults, fraud and fraudulent transfer claims, collateral and priority disputes, and receivership and bankruptcy-related litigation arising from distressed credit investments.

Phil is also a member of the firm’s Blockchain & Digital Assets Group, where he counsels banks, fintechs, custodians, exchanges, stablecoin issuers, and investors on regulatory compliance, enforcement defense, and litigation risk across digital finance. He recently co-authored Banking and Digital Assets: Key Takeaways from the President’s Working Group Report, analyzing how federal regulators are reshaping bank participation in digital asset custody, trading, tokenization, and other blockchain-based financial services.

Recognized by the Los Angeles Business Journal as a Leader of Influence, Phil has built a record of defending clients in high-stakes enforcement actions and complex litigation brought by the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC), the California Department of Financial Protection and Innovation (DFPI), and District Attorneys’ Offices across California. He has significant experience representing private credit funds in real estate and structured finance disputes, including distressed asset litigation, cross-border transactions, and bankruptcy proceedings.

Before practicing law, Phil served four years as a tank officer in the U.S. Army, achieving the rank of captain and earning the Bronze Star Medal during one of his two combat tours in Iraq. That experience forged his ability to lead under pressure, prepare with precision, and execute with speed. Clients value his strategic discipline and relentless drive to achieve results.