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The End of LIBOR

United Kingdom - March 12 2021 On March 5, 2021, the ICE Benchmark Administration (IBA), UK Financial Conduct Authority (FCA) and International Swaps and Derivatives Association…

Christopher Auguste, Fabien Carruzzo, John Bessonette, Kenneth Chin, Richard E. Farley.

White House Announces Modifications to Paycheck Protection Program That Expand Lending to Small Businesses in Need

USA - February 26 2021 On Feb. 22, the Biden administration announced that it was implementing certain rule changes to the Paycheck Protection Program (PPP) to make the…

Christian Roccotagliata, Max Tierman, Seth R. Merl.

Congress Renews Paycheck Protection Program, Expands Eligibility and Provides for Second Draw PPP Loans

USA - February 10 2021 On Dec. 27, 2020, President Trump signed into law the Consolidated Appropriations Act, 2021 (CAA), Title III of which, the Economic Aid to Hard-Hit…

Christian Roccotagliata, Max Tierman, Seth R. Merl.

SEC Provides Disclosure Guidance on SPAC IPO and Subsequent Business Combination Transactions

USA - January 6 2021 On Dec. 22, 2020, the Staff of the Division of Corporation Finance (Staff) issued CF Disclosure Guidance: Topic 11 - Special Purpose Acquisition…

Christopher Auguste, Fabien Carruzzo, John Bessonette, Kenneth Chin, Richard E. Farley.

How Regulation of Leveraged Lending Will Change Under President Biden

USA - December 21 2020 The change in administration that will take place on Jan. 20, 2021, will likely have significant consequences for leveraged lending market…

Christopher Auguste, Fabien Carruzzo, John Bessonette, Kenneth Chin, Richard E. Farley.