Hotel lending involves more lending to an operating business than lending to an owner of most types of commercial real property. .
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.
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.
Until recently Russian legislation was not familiar with the concept of close-out netting.
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.
Generally the best evidence of a property's market value is a recent sale price, but that is not always the case.
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.