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Belgian insolvency code to alter rights of secured creditors in and before judicial reorganisation
  • Baker McKenzie
  • Belgium
  • August 17 2017

On 13 July 2017, the Belgian parliament adopted an Act compiling the existing Belgian insolvency legislation into one insolvency code (the "Insolvency

The Sequel to the Global Financial Crisis Is Not the CLO! (Ok, Not Yet)
  • Dechert LLP
  • USA
  • August 17 2017

Last week, an article written by Mr. Frank Partnoy, professor of law at the University of San Diego, appeared in the Financial Times and was

5th Cir. Holds Mortgage Fraud Debts Not Dischargeable
  • Maurice Wutscher LLP
  • USA
  • August 15 2017

The U.S. Court of Appeals for the Fifth Circuit recently held that debts arising from a scheme to deprive mortgagees of surplus foreclosure sale

The new PPI complaint deadline: the beginning of the end or the end of the beginning?
  • Squire Patton Boggs
  • United Kingdom
  • August 7 2017

As discussed in a previous blog (3 May 2017), consumers seeking compensation in relation to any new payment protection insurance (“PPI“) complaint

Casting the die again: Reliance on Construction Professionals
  • Collyer Bristow LLP
  • United Kingdom
  • August 4 2017

Derwent Vale York Limited (the Borrower) made an application to the Bank of Ireland (the Bank) for a loan of £1.4m for the development of a site in

Incremental Facility Prohibited Because Existing Term Loans Were Undercollateralized
  • Kramer Levin Naftalis & Frankel LLP
  • USA
  • August 3 2017

In December 2016, Cumulus Media Holdings Incorporated (Cumulus) proposed an exchange of $610 million of its unsecured senior notes for $305 million of

U.S. Supreme Court Grants Certiorari to Decide Circuit Split on Applicable Law for the Recharacterization of Debt
  • Kane Russell Coleman Logan PC
  • USA
  • August 3 2017

The United States Supreme Court will soon decide whether state or federal law will apply to the recharacterization of debt. On June 27, 2017, the

The End of LIBOR
  • Hunton & Williams LLP
  • USA
  • August 1 2017

Recently, it was reported that the UK Financial Conduct Authority will discontinue the London interbank offered rate (“LIBOR”), at the end of 2021

Wealth Management Update - August 2017
  • Proskauer Rose LLP
  • USA
  • August 1 2017

The August 7520 rate for use with estate planning techniques such as CRTs, CLTs, QPRTs and GRATs is 2.4, up slightly from 2.2 in July. The August

New Lending Platform Regulations
  • Barnea & Co
  • Israel
  • July 31 2017

Recently, the Knesset approved an amendment to the Supervision of Financial Services Law, which regulates the activities of online lending platforms