The ABCs of LEIs – And What You May Not Know
The authors first describe the origin and structure of the global LEI system. They then turn to topics...
Legal Update Archive
LEGAL UPDATES
Subscription Finance: Electronic Signatures
Should subscription finance lenders give borrowing base credit for investors that signed their subscription agreements using electronic signatures?...
Basel Endgame Intentions Announced by US Banking Regulators
On September 9, 2022, the US federal banking regulators announced their intent to revise US regulatory capital requirements...
Subscription Credit Facilities: Cross-Exclusion Events
The growth of the subscription credit facility market has resulted in many lenders holding significant exposure to the...
Meeting Broader Market Demand – New Futures and Derivatives Law Takes Effect in China
The new Futures and Derivatives Law (中华人民共和国期货和衍生品法) (FDL) in China took effect on 1 August, 2022, for the...
Subscription Finance: Rated Note Feeder Funds and Debt Capital Commitments
Insurance company investors are increasingly looking to invest in private equity and similar private investment funds via debt...
Fund Finance Market Review: What’s Ahead in 2022
Having gathered our collective breath after a furiously busy 2021 across the US, Europe and Asia (the usual...
“2L, or Not 2L, That Is the Question”: Leading the Charge of Second Lien Financings in the European and Asian Fund Finance Markets
Documentation and terms in the fund finance markets have evolved differently in the United States, Europe and Asia based on various factors particular to each market, with each market having its own strengths, innovation and trends.
Investments in Bank Holding Companies and Media Companies
A limited partner (“Investor”) in a private equity fund (“Fund”) will often enter into a letter agreement (“Side...
The Growth of ESG in Fund Finance and Other Financial Products in the United States
“[C]limate risk is investment risk … And because capital markets pull future risk forward, we will see changes...