Fine print dooms borrower’s president to personal liability on corporate loan
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”).
Materiality scrapes trending upward in private M&A deals
November 26 2013 A "materiality scrape" (or "materiality read-out") is a buyer-friendly provision that has become one of the most commonly negotiated points in…
Boilerplate matters: severability clauses
May 29 2012 In the last issue of the Corporate Practice Newswire we discussed practical issues with notice provisions.
Capital loans to private equity funds: when investors become part of the borrowing base
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.
New financing strategies
August 9 2013 A wave of new strategies has started to appear in the US to drive down the cost of capital. Developers are turning to publicly-traded "yield cos,"…
Project Finance NewsWire - February 2017
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
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)
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
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
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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