It was a muted start to the year for the acquisition and leveraged finance market due to a challenging macroeconomic climate. Interest rate hikes at one of the fastest paces on record, surging inflation (particularly in...more
4/5/2024
/ Acquisitions ,
AML/CFT ,
Base Erosion and Anti-Abuse Tax (BEAT) ,
Base Erosion Tax ,
Capital Markets ,
Commercial Bankruptcy ,
Corporate Taxes ,
EBITDA ,
Economic Sanctions ,
Financial Markets ,
Foreign Direct Investment ,
Insolvency ,
Interest Payments ,
Leveraged Finance ,
Loan Guaranties ,
Mergers ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Secured Debt ,
Spain ,
Tax Deductions ,
UK ,
Unsecured Debt
The ruling, which held that the transaction did not violate the implied covenant of good faith and fair dealing, highlights the importance of carefully drafting lending documents.
On June 6, 2023, Judge David Jones of the...more
It is fair to say that the acquisition and leveraged finance industry has shown resilience in relation to the difficult global situation arising from the covid-19 pandemic, particularly in comparison to the previous global...more
Ruling overturns New York decision rejecting market-based approach.
Key Points:
- Court of Appeals for the Second Circuit requires courts to consider efficient market interest rate, if available, for purposes of chapter...more
Second Circuit’s reversal of controversial restructuring decision may boost confidence among distressed bond issuers.
The recent decision of the United States Court of Appeals for the Second Circuit in Marblegate has...more
Restructuring decision broadly interpreting bondholder protections under the Trust Indenture Act may significantly impact out-of-court restructurings.
On December 30, 2014, the US District Court for the Southern...more
The recent drop in oil prices will likely spur a flurry of industry restructurings, governed by a complex set of bankruptcy and state laws.
Introduction -
At the close of business on December 31, 2014, the...more