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News

Alternatives to SOFR: an overview of existing credit sensitive rates

This article aims to highlight certain key differences between LIBOR, SOFR and several of the most common credit sensitive rates that are available or are in development today.

News

Financial Institutions Horizons 2021

Financial Institutions Horizons 2021 provides a snapshot of key legal topics and market trends across the globe, shaping the future of the financial institutions market.

Insights and Analysis

Remaining steps along the road to LIBOR transition

With just over a year to go until the expected demise of LIBOR, the Financial Stability Board (FSB) recently published its Global Transition Roadmap for LIBOR. Their short document aims to...

News

ARRC Proposes New York Legislation to Reduce LIBOR Litigation Risk

In an effort to provide more clarity and certainty with respect to the LIBOR transition – and in particular to reduce the significant litigation risk associated with the transition -- ...

News

"The Chewy Phantom Guarantee": a Cautionary Tale of today’s leverage finance market Lev Fin Spin

American pet owners are probably all familiar with Chewy, an e-commerce pet food and products supplier that will quickly ship those heavy bags of dog or cat food right to your doorstep at...

News

"The Chewy Phantom Guarantee": a Cautionary Tale of today’s leverage finance market

American pet owners are probably all familiar with Chewy, an e-commerce pet food and products supplier that will quickly ship those heavy bags of dog or cat food right to your doorstep at...

Insights and Analysis

Four ways real estate can benefit from blockchain

Blockchain could streamline many aspects of the property industry, reducing costs and improving accuracy and security. We explain how.

News

Catch a fish by its tail: has Senator Pat Toomey hooked the U.S. Leveraged Loans Guidance? Lev Fin Spin

What has the U.S. Fish and Wildlife Service got in common with the U.S. banking agencies [1]? Simple: the U.S. Government Accountability Office (the "GAO"), which investigates...

Insights and Analysis

Third Circuit enforces make-whole premium for secured lenders in Energy Future Holdings bankruptcy

Bond indentures and loan agreements often include make-whole provisions to provide protection to lenders and investors in the event of debt repayment prior to maturity. Make-whole...

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