News & Analysis as of

Lenders Structured Financial Products

Cadwalader, Wickersham & Taft LLP

Continued Growth - July 2022 | Issue No. 186 - Fund Finance Originations Up 17% in First Half

Growth in fund finance origination comes as overall credit markets have decelerated meaningfully. Corporate bond issuance declined by 26% in the first half and non-mortgage structured products issuance came in 70% below 1H...more

Dechert LLP

It’s Time to Fix Securitization: Are We Dinosaurs Staring Into the Tar Pit?

Dechert LLP on

In order to avoid burying the lead, let me tell you where I’m going here. The CRE securitization business is in trouble.  We need to throw out what biologists call the punctuated equilibrium, where once a system initially...more

Dechert LLP

Lenders to SPEs: Be Aware, You May Not Have Standing to Appeal a Substantive Consolidation Order

Dechert LLP on

A substantive non-consolidation opinion is a common feature of structured finance transactions in the U.S. Most, if not all, opine as to what a bankruptcy court would do, but express no opinion on the appellate process. We...more

Orrick - Finance 20/20

Rating Agency Developments

Orrick - Finance 20/20 on

On October 8, Fitch published a report clarifying the application of its United Kingdom RMBS criteria during the ongoing consultation period. On October 12, DBRS published a report describing its methodology for generation of...more

Latham & Watkins LLP

New Opportunities in Cross-Border Special Situations Lending

Latham & Watkins LLP on

Recent changes in cross-border leveraged loan documentation requirements open up new possibilities for both borrowers and lenders. Cross-border leveraged loan documentation has become increasingly permissive with respect...more

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