Over the past 10 to 15 years, lien subordination and tiering has moved from the periphery of the finance markets to the very heart of U.S.-based leveraged finance. Whereas the predominant...

The SEC plans to vote on a proposal on March 25 to amend Exchange Act Rule 15b9-1, which currently enables a certain group of limited business broker-dealers to avoid FINRA membership. In...

Interest in the DIP financing market on the part of both traditional bank lenders and a new class of institutional investors has continued to increase in recent years, as market participa...

The ABI Commission’s report on Chapter 11 reform is starting a controversial conversation. Attorneys Damian S Schaible and Kevin J. Coco discuss specific proposals that will affect secu...

On Feb. 9, the SEC proposed a long-awaited rule on disclosure of company equity hedging policies, as required by the Dodd-Frank Act (13 CARE 321, 2/13/15) (13 CARE 376, 2/20/15). The prop...

Bernie Madoff’s investment firm, Bernard L. Madoff Investment Securities LLC (Madoff Securities), famously imploded in December 2008 under the weight of the largest Ponzi scheme in U.S....

Favourable market conditions have led to a recent rise in PIPE deals. In this article, Paul Chow and Miranda So of Davis Polk answer your burning questions and give their thoughts as to w...

Directors and officers of financially distressed companies often face complicated, high-pressure decisions in fulfilling their fiduciary duties. For years, practitioners, legal scholars a...

Following a recent line of high-profile and notable decisions that have sought to protect the rights of trademark licensees in a trademark licensor’s bankruptcy, the United States Bankr...

In a recent guest commentary in Traders Magazine, Annette Nazareth and Jeffrey Dinwoodie of Davis Polk’s Financial Institutions Group discuss some of the impacts and implications of an ...