Fine print dooms borrower’s president to personal liability on corporate loan
USA - September 20 2010 A New York state court recently held that the president of Hooper Home Construction Corporation (“HHCC”), Dale R. Hooper (“Hooper”), was personally liable to plaintiff Wells Fargo Bank, N.A. (“Wells Fargo”) for the default on the company’s Business Line Credit Agreement (“BLCA”
Capital loans to private equity funds: when investors become part of the borrowing base
USA - January 31 2012 Private equity funds receive capital from their investors pursuant to capital calls issued periodically by the general partner or other manager of the fund
Boilerplate matters: severability clauses
USA - May 29 2012 In the last issue of the Corporate Practice Newswire we discussed practical issues with notice provisions
What late SEC filers need to know: 2013 edition
USA - July 25 2013 In the wake of regulations implemented by the Securities and Exchange Commission under the Dodd-Frank Wall Street Reform and Consumer Protection Act
Current issues in holdco loans
USA - November 17 2014 Holdco loans are becoming an increasingly common strategy for financing renewable energy projects in the United States. Holdco loans are sometimes
Project Finance NewsWire - February 2017
USA - February 20 2017 The possibility that Congress will overhaul the US tax code is already having a number of effects on the market. Corporate tax reform is unlikely to
Geothermal Electricity Generation in Turkey: Large Potential Awaiting Investors
Turkey - February 1 2017 Turkey is a country with ample geothermal energy resources. Even though it is a clean, sustainable and homegrown (as opposed to oil and gas, which
Second Circuit Provides Clear Guidance to Market on Scope of Permissible Acts under Trust Indenture Act Section 316(b)
USA - January 30 2017 The Second Circuit has answered the question that many issuers, indenture trustees and noteholders have struggled with over the last couple of
FTC Revises Hart-Scott-Rodino Thresholds for 2017
USA - January 24 2017 On January 19, 2017, the Federal Trade Commission (FTC) announced revised notification thresholds pursuant to the Hart-Scott Rodino Act (HSR
Turkey Boosts Large-Scale Solar Investments
Turkey - January 23 2017 The tender for the Karapınar Resource Area, a solar-power energy zone with an allocated capacity of 1 GW, will take place on February 21, 2017. This
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