On June 21, 2023, Davis Polk partner Luigi De Ghenghi will be among the speakers at Strafford’s “Revisiting Bank Receiverships: Operation of Bridge Banks, Disposition of Failed Bank Assets, Concerns for Existing Borrowers, and Risks for D&Os” program. Topics discussed will include the factors that led to the closures of Silicon Valley Bank and Signature Bank, why the FDIC created bridge banks in each instance as opposed to putting the banks in receivership, the actions borrowers under an existing credit facility should take in response to a receiver’s repudiation of an unfunded commitment, and what officers, directors and institution-affiliated parties of insured depositories and business management should be mindful of after the recent bank failures.

For more information, please visit the event website.

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