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Crunched Credit Blog

Articles: 1-10 of 107

It’s Time to Fix Securitization: Are We Dinosaurs Staring Into the Tar Pit?

USA - July 9 2019 In order to avoid burying the lead, let me tell you where I’m going here. The CRE securitization business is in trouble. We need to throw out what…

CREFC June 2019

USA - June 19 2019 The annual June CREFC conference at the Marriott Marquis in New York City was slightly less well attended than Miami (well, no duh!), but low…

Contagion

Global, USA - June 9 2019 Contagion, at least of the buggy sort, can make for a terrific, spooky movie. Remember Gwyneth Paltrow and Matt Damon in Contagion? (Spoiler alert -…

Dechert OnPoint: Does Tribune Make Merit Management Obsolete?

USA - June 5 2019 A recent decision out of the District Court for the Southern District of New York may bring greater certainty to the interpretation of what…

“Nobody Fell Off the Turnip Truck Yesterday”: What’s at Stake for Commercial Real Estate Lenders in Sutton 58?

USA - May 31 2019 Sutton 58 Associates LLC v. Pilevsky et al., is a New York case which gets to the heart of the enforceability of classic single-purpose entity…

Beany & CECL

USA - April 29 2019 Beany & Cecil was a cartoon. The Current Expected Credit Loss accounting rules, better known as CECL, which the FASB is insisting will go into effect…

A Survival Guide for Winning Default Rate Interest in Courtroom Battles

USA - April 23 2019 Last year, a California Bankruptcy Court wiped out $10.2 million in default interest (“DRI”) when it ruled that a 5% DRI was an unenforceable penalty…

Pending Sub-Prime Lawsuit Questions Securitization’s “Debt” Classification for ERISA Purposes

USA - April 12 2019 A new OnPoint from Dechert’s Employee Benefits and Executive Compensation team discusses a recent ruling from a federal court in the Southern District…

Commercial Real Estate and Climate Change

USA - April 1 2019 God help me, I’m finally writing about climate change. This commentary assiduously avoids the obviously political (we take the view that complaining…

Japanese Risk Retention: JFSA Favors Diligence Over Disruption

Japan - March 26 2019 On March 15, 2019, the Japanese Financial Services Agency (the “JFSA”) published final rules and FAQs responding To comments on proposed changes in…