Companies will often enter into interest rate swap agreements in order to hedge their exposure to interest rate risk stemming from floating-rate debt. These hedging arrangements are desig...
Articles & Books
The International Comparative Legal Guide to: Lending & Secured Finance 2015
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...
On August 8, 2014, The Loan Syndications and Trading Association (“LSTA”) published in final form its latest iteration of the Model Credit Agreement Provisions (the “2014 MCAPs”),...
Articles & Books
The International Comparative Legal Guide to: Lending & Secured Finance 2014, Second Edition
Davis Polk lawyers Meyer C. Dworkin and Monica Holland recently contributed a chapter to The International Comparative Legal Guide to: Lending & Secured Finance 2014, Second Edition. In ?...
U.S. financial regulators found themselves on the receiving end of an outpouring of concern from lawmakers last Wednesday about the risks to the banking sector and debt markets from the t...
In a recent decision issued in the Lehman Brothers Inc. SIPA proceeding in the Southern District of New York, In re Lehman Brothers Inc., Case No. 08-01420 (JMP) (SIPA), slip op. (Bankr. ...