Paola Bahari

Paola Bahari

Ropes & Gray LLP

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Reform of the Audit Market in the EU – Implications For Borrowers and Loan Documentation

A legislative package for the reform of the audit market in the EU has this month been approved by the EU Parliament and adopted by the Council of the European Union. Listed companies will need to change the firms that audit...more

4/29/2014 - Audits Deloitte Ernst & Young EU KPMG New Regulations PwC

Landlords Welcome Landmark Decision In Re Game Station

LONDON - The Court of Appeal in the case of Re Game Station has held that rent payable by a tenant that enters administration is a priority expense of the administration while the leasehold premises are being used for the...more

2/26/2014 - Apportionment Rent UK

The Disclosure Duties Owed by Banks as Agents to Lenders

The Chancery Division recently handed down its judgment on a hedge fund law suit brought against an agent bank for failing to disclose certain information regarding the borrower’s declining financial health and the occurrence...more

10/2/2013 - Agents Banks Borrowers Commercial Real Estate Contracts Duty to Disclose EU Hedge Funds Lenders Loans Professional Liability Royal Bank of Scotland UK

Supreme Court Rules Against Super Priority Status of Pension Regulator’s Claims in Insolvency

The Supreme Court has boosted the rescue culture by ruling that Financial Support Directions (FSDs) issued by the UK Pensions Regulator after commencement of insolvency proceedings are not an expense of the administration...more

7/30/2013 - Insolvency Lehman Brothers Nortel Pensions Super Priority UK

Privy Council Rules on the Court’s Equitable Jurisdiction to Set the Financial Terms of Relief against Appropriation

Last week the Board of the Privy Council delivered a critical sequel to its previous judgments in connection with the Cukurova Group’s attempt to recover shares following an appropriation. The Board held that not only can the...more

7/17/2013 - Appropriation Equitable Relief Forfeiture Jurisdiction Loan UK

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