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Broadly Syndicated Loans Are Not Securities

After the Supreme Court denied a certiorari petition, the Second Circuit’s Kirschner ruling is the law of the land. Our Distressed Debt & Trading Team explores how the circuit court came to its decision that syndicated term...more

Structured Finance Spectrum – Winter 2024

Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features the shifting single-family rental landscape, what’s next for EDGAR, and...more

Structured Finance Spectrum - Summer 2023

Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features smooth sailing through safe harbors, the English Court doing the cross-class...more

Structured Finance Spectrum – July 2022

Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. Guest edited by our London team, this edition focuses on the opportunities that come from stressed...more

Structured Finance Spectrum – February 2022

Welcome to the latest edition of the Spectrum, covering hot-topic issues in the structured finance markets in the U.S. and UK. This edition features analysis of how the market continues to swipe left on LIBOR but isn’t ready...more

LSTA Trading Documents Revised to Simplify Cost of Carry Calculation

Our Distressed Debt & Claims Trading Team examines how the Loan Syndications and Trading Association is updating its standard terms and conditions to prepare for the end of LIBOR....more

Structured Finance Spectrum – January 2021

Moving on from 2020 and building up for 2021. Read our Structured Finance Spectrum, covering safe harbors & remedies, CLOs & QMs, and passive & ESG investing, among other hot-topic issues in the structured finance markets in...more

LMA Updates Secondary Bank Debt Standard Terms & Conditions to Include EU Bail-In Provisions

Our Distressed Debt & Claims Trading Team discusses how the updates to the Loan Market Association’s Terms and Conditions incorporate European bail-in rules after Brexit. In conjunction with Brexit becoming effective on...more

Secondary Loan Trading Considerations in Unsettling Times

Prepare for leverage loan default rates to balloon to heights not seen in more than a decade. Our Distressed Debt & Claims Team discusses the importance of using distressed documentation for stressed/distressed loans....more

LSTA Primary Delay Compensation Goes Live

Our Distressed Debt & Claims Trading Team dives into nuances and terms of new rules relating to primary delayed compensation from the Loan Syndication & Trading Association, effective today....more

Structured Finance Spectrum – January 2020

New year … new market? Read our Structured Finance Spectrum for the latest on what’s happening in the structured finance markets in the U.S. and UK. ...more

LSTA Revises Secondary Trading Documents: Notable Changes to Disgorgement Rights, Tax Gross-Up Obligations, and Voting Rights

Our Distressed Debt & Claims Trading Team provides a summary of the changes the Loan Syndications and Trading Association made to their standard document in the wake of recent bankruptcies and circuit court decisions....more

Caesars Case Again Highlights Disallowance Risk When Distressed Claim Transfers Fail to Comply with Assignment Provisions

Our Distressed Debt & Claims Trading Team discusses another bankruptcy case highlighting significant risks involved with failing to comply with assignment provisions and highlights the important difference between the “right”...more

Woodbridge Case Highlights Risk of Claims Traders Not Complying with Anti-Assignment Restrictions

Our Distressed Debt & Claims Trading Team explores why it is more important than ever for bankruptcy claims and loan traders to inspect and comply with express anti-assignment and transfer restrictions in underlying debt...more

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