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K&L Gates LLP

Good News for Commercial Credit Providers – EDR Exemption to Continue

K&L Gates LLP on

The Attorney- General's Department has announced that the exemption for commercial credit providers (CCPs) from the external dispute resolution (EDR) membership obligation should continue indefinitely. As advised in our Legal...more

Morrison & Foerster LLP

Expanded Commercial Loan Exemption Under California Finance Lenders Law

Morrison & Foerster LLP on

As a result of the passage of Assembly Bill No. 1091 (“AB 1091”), persons1 that make only occasional commercial loans in California may be able to take advantage of an expanded licensing exemption under the California Finance...more

Orrick, Herrington & Sutcliffe LLP

Second Circuit Rules That Payments Made To Purchase Notes Are Exempt from Avoidance Under Section 546(e) of the Bankruptcy Code

Orrick, Herrington & Sutcliffe LLP on

The United States Court of Appeals for the Second Circuit held, on June 10, 2013, that payments made by a company to purchase notes issued by an affiliate were transfers made in connection with a “securities contract,” and...more

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