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US Supreme Court Declines to Review Ruling that Syndicated Loans Are Not Securities

The order marks the end of the Kirschner case, which had threatened to expand US securities regulation to syndicated loans. The US Supreme Court has denied a petition for certiorari review in the Kirschner case, in which...more

Second Circuit Court Affirms Ruling That Syndicated Loans Are (Still) Not Securities

The highly anticipated decision threatened to impose a new regulatory framework on syndicated lending, and disrupt the $1.4 trillion syndicated loan market in the United States. The US Court of Appeals for the Second...more

Hardwired Fallbacks Emerge as LIBOR Transition Enters Final Phase

Following the ARRC-recommended deadline for shifting to hardwired fallbacks, the syndicated loan market has begun to show signs of change - Based on best practices published by the Alternative Reference Rates Committee...more

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