The scenario is common enough: following a slow quarter, a borrower misses a debt service coverage ratio (DSCR), fixed charge coverage ratio (FCCR), or other financial covenant test required under its revolving credit...more
While there are still many unknowns in FTX’s bankruptcy including what, exactly, happened to billions of dollars of customer deposits on the former crypto trading platform, one thing is almost certain: there will be an...more
12/28/2022
/ Appeals ,
Bankruptcy Code ,
Bankruptcy Trustees ,
Bernie Madoff ,
Chapter 11 ,
Clawbacks ,
Commercial Bankruptcy ,
Corporate Counsel ,
Cryptocurrency ,
Debtors ,
Fraudulent Transfers ,
Insolvency ,
Remand ,
Securities and Exchange Commission (SEC) ,
Trading Platforms
Just as cryptocurrency markets are attempting to thaw out from a “crypto winter,” a joint committee of the Uniform Law Commission (ULC) and the American Law Institute (ALI) has finalized a significant and wide-ranging...more
8/24/2022
/ Bitcoin ,
Blockchain ,
Central Bank Digital Currency (CBDCs) ,
Chapter 11 ,
Cryptocurrency ,
Digital Assets ,
Emerging Technology Companies ,
Ether ,
Non-Fungible Tokens (NFTs) ,
Popular ,
Promissory Notes ,
Uniform Commercial Code (UCC) ,
Uniform Law Commission (ULC)