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Paul Hastings LLP

SVB Receivership – Considerations for Agents and Lenders

Paul Hastings LLP on

Background- On March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank (SVB) and appointed the Federal Deposit Insurance Corporation (FDIC) as receiver for SVB....more

Cadwalader, Wickersham & Taft LLP

Facing Erroneous Payments July 2021 | Issue No. 135 - Revlon: It’s Worth a Double Take (Part I: Syndicate Lender Considerations)

Summary of Case - On August 11, 2020, the administrative agent in a loan to Revlon intended to make an interest payment to the lender syndicate and instead mistakenly wired almost $900 million of its own money to the...more

ArentFox Schiff

ISDA 2020 IBOR Fallbacks Protocol

ArentFox Schiff on

The focus of regulators in the United States and the United Kingdom had been to correctly transition away from LIBOR due to past bank manipulations. After nearly two (2) years in the making, the International Swaps and...more

Pierce Atwood LLP

Developments in Class Action Litigation Surrounding the Paycheck Protection Program

Pierce Atwood LLP on

As more class actions are filed every day related to the COVID-19 pandemic, a growing number of plaintiffs are asserting claims against banks that acted as participating lenders in the Paycheck Protection Program (PPP). The...more

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