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Jeffer Mangels Butler & Mitchell LLP | USA | 17 Aug 2011

What every hotel lender needs to know about HMAs and hotel franchise agreements

Hotel lending involves more lending to an operating business than lending to an owner of most types of commercial real property. .


Porter Wright Morris & Arthur LLP | USA | 12 Aug 2011

Another pension plan bites the dust

On Monday, August 8, 2011, United States Bankruptcy Court Judge Mary Walrath ruled that Harry & David Holdings Inc. the Oregon-based gourmet food and gift company, can terminate its pension plan as part of a pre-arranged bankruptcy plan and emerge from bankruptcy free of its accumulated pension liability.


Katten Muchin Rosenman LLP | USA | 27 May 2011

£1.1m fine and first High Court injunction against market abuse

On May 24, the UK Financial Services Authority (FSA) announced that it had fined Samuel Kahn £1,094,900 (approximately $1,790,000) and obtained a High Court injunction restraining him from committing market abuse.


Herbert Smith Freehills LLP | Russia | 18 Mar 2011

The federal law “on clearing and clearing activities” and related amendments to Russian legislation

Until recently Russian legislation was not familiar with the concept of close-out netting.


Proskauer Rose LLP | USA | 7 Jul 2010

NY Court of Appeals addresses lender’s right to rely on borrower representations

On June 24, 2010, the Court of Appeals of New York unanimously reversed an intermediate court's ruling that would have limited a lender's ability to rely on a borrower's representations and warranties regarding its financial statements.


Franczek Radelet PC | USA | 18 Jun 2010

Bankruptcy sale found insufficient to support assessment reduction

Generally the best evidence of a property's market value is a recent sale price, but that is not always the case.


Eversheds Sutherland (US) LLP | USA | 8 Aug 2007

Mutual fund adviser charged with alleged improper billing

The SEC charged Brendan E. Murray (“Murray”), while associated with Cornerstone Equity Advisors, Inc. (“Cornerstone Advisors”), with being engaged in a fraudulent billing scheme bilking funds from Cornerstone Funds, a family of mutual funds registered with the SEC as investment companies and advisory clients of Cornerstone Advisors.

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