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Subrogation to ‘claims’ entitles subrogee to vote on behalf of itself and subrogor

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 14 2011

A junior and senior lender’s respective loans were secured by the same piece of land

Court grants parent companies standing to sue lender as third-party beneficiaries of loan commitment agreements

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 15 2011

A real estate lender agreed to finance three existing projects by lending money to three separate Single-Asset Bankruptcy Remote Entities (SABREs), owned by certain real estate investments trusts, and to finance $160 million in future ventures of the trusts, with further SABREs to be created as each deal came to fruition