News & Analysis as of

Debt Instruments Debt Restructuring

Latham & Watkins LLP

Hong Kong Court Confirms Enforceability of Keepwell Deeds

Latham & Watkins LLP on

Two recent landmark decisions provide valuable guidance on this commonly used form of credit enhancement. Keepwell deeds have in recent years grown into a common form of credit enhancement used by companies in mainland...more

White & Case LLP

Climate Resilience as a Proposed New Feature of Sovereign Debt Instruments

White & Case LLP on

Climate factors' impact on a debtor's ability to honor its obligations has been recognized for over 4,000 years. It was the Code of Hammurabi in Mesopotamia that first mandated a deferral of principal repayment and...more

Cozen O'Connor

Tax Issues to Consider in Buying or Holding Distressed Debt

Cozen O'Connor on

In times of economic tumult, many an entrepreneur’s fancy turns to thoughts of acquiring, and profiting from, distressed debt. That is, acquiring debt of highly leveraged companies that are no longer able to service their...more

Mayer Brown Free Writings + Perspectives

Debt Restructuring During the COVID-19 Pandemic – Key Tax Considerations

The global COVID-19 pandemic has placed an unprecedented stress on the ability of businesses to service their debt. Certain businesses—such as oil and gas, airlines, cruise lines, hospitality, brick-and-mortar retailers, and...more

Orrick, Herrington & Sutcliffe LLP

Waivers, Deferrals and Changes to Tax-Exempt Bonds During COVID-19

Given the economic impact of COVID-19 and the ongoing uncertainty of how long it will last, borrowers of tax-exempt bond proceeds may find themselves in the position of requesting their lenders to temporarily waive certain...more

Orrick, Herrington & Sutcliffe LLP

European Distressed Debt Market Outlook 2018

The 2018 Debtwire European Distressed Debt Outlook report surveyed 100 distressed investors and 30 private equity funds to establish the outlook for 2018. The majority of respondents predict that market conditions will be...more

A&O Shearman

Highly-Anticipated Final Regulations on Related-Party Debt Instruments Issued

A&O Shearman on

On October 13, 2016, the US Department of the Treasury and the Internal Revenue Service released final and temporary regulations under section 385 of the Internal Revenue Code (the “Regulations”) that contain rules requiring...more

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