On May 22, Judge Paul Gardephe of the U.S. District Court for the Southern District of New York granted a motion to dismiss in Kirschner v. JPMorgan Chase Bank, N.A., a case that, among other things, considered whether the...more
Background -
Recently, the Loan Syndications and Trading Association (LSTA) circulated revised language relating to the trading of English law-governed loans on the LSTA Par/Near Par Trade Confirmation (the LSTA Par...more
Kramer Levin was selected as counsel to the Official Committee of Unsecured Creditors of Forever 21 and its affiliates, which filed for Chapter 11 protection in Delaware on Sept. 29, 2019. Forever 21 is a specialty fashion...more
12/4/2019
/ 363 Sales ,
Bankruptcy Code ,
Brick-and-Mortar Stores ,
Chapter 11 ,
Collateral ,
Commercial Bankruptcy ,
Commercial Leases ,
Corporate Restructuring ,
Debtors ,
Debtors-in-Possession ,
Fashion Industry ,
Financing ,
Forever 21 ,
Liquidation ,
Retail Market ,
Retailers ,
Sales
Ordinance No. 2017-1432 dated Oct. 4, 2017 (the Ordinance), together with its two implementing decrees dated Nov. 19, 2018, is bringing significant changes to the French legal framework for asset management and direct...more
As U.S. stock markets enter their 10th straight year of growth, counter-cyclical assets and those in which performance is not correlated to other market cycles are increasingly in demand. The privately negotiated field of...more
This month’s issue of Debt Dialogue address handover of records to a substitute collateral manager (in the Tilton litigation), the EU bail-in rules, the interplay of Section 3(c)(7) of the Investment Company Act and rights of...more
1/27/2017
/ Bail-In Provisions ,
Books & Records ,
Collateralized Loan Obligations ,
Contract Formation ,
Corporate Issuers ,
Debt ,
Dodd-Frank ,
EU ,
Financial Institutions ,
Investment Adviser ,
Investment Company Act of 1940 ,
Junior Lenders ,
Meeting of the Minds ,
No-Action Clauses ,
Risk Retention ,
Senior Indenture ,
Senior Lenders ,
Successor Liability ,
Syndicated Loans