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Lakshmikumaran & Sridharan | India | 22 Mar 2023

Tax on ‘Cash’ benefits and perquisites - Applicability on waiver of debts

Every year, the announcement of the Union Budget is eagerly awaited as one of the key tax policy events in India. This year was no different. Amongst…
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White & Case | USA | 7 Mar 2023

Private debt players open for business, but only on the right terms

Private debt enjoyed a breakout year in 2022, as managers in the space took on larger transactions and continued to grow assets under management…
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Gadens | Australia | 10 Feb 2023

Fire in the house: Interest guaranteed despite extinguishment of debt under deed of company arrangement

The Victorian Court of Appeal has affirmed that whilst a company’s debts can be released to some extent under a DOCA, that section 444J of the…
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Clayton Utz | Australia | 9 Feb 2023

A mixed bag for liquidators in High Court decisions on claims of unfair preference or other voidable transactions

Insolvency practitioners and creditors facing voidable transaction claims will need to reassess the value of any potential or threatened unfair…
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Cozen O'Connor | USA | 24 Jan 2023

Cozen Currents: Process Trumps Substance on the Debt Limit

After reaching the $31.4 trillion debt limit last week, the clock is ticking to find a path forward and avoid a default. But raising the debt limit…
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Bennett Jones LLP | Canada | 23 Jan 2023

Assessing the Potential Risks to the Sustainability of the Government of Canada's Current Fiscal Plan

The purpose of this paper is to explore the way two fiscal anchors, the debt/GDP ratio and the interest cost revenue ratio, are likely to evolve over…
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Cozen O'Connor | USA | 19 Jan 2023

AGs Ask Supreme Court to Lift Injunctions on Federal Government’s Student Debt Relief Plan

A coalition of 22 Democrat AGs filed an amicus brief in support of the federal government in two cases before the U.S. Supreme Court concerning the…
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Fasken | USA | 19 Jan 2023

OSFI Seeks Input on More Stringent Mortgage Underwriting Rules

On January 12, 2023, the Office of the Superintendent of Financial Institutions (OSFI) launched a public consultation regarding changes to Guideline…
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Gadens | Australia | 12 Jan 2023

Mortgagee in possession sale causes Manda-monium - a tale of section 420A obligations in the COVI9-19 era

In the first reported final decision that has considered the effect of COVID-19 lockdowns on the property market in the context of a mortgagee…
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Cozen O'Connor | USA | 12 Jan 2023

AG Platkin Settles with Yellowstone Capital for $27.4 Million over Allegedly Predatory Small Business Loans

New Jersey AG Matthew J. Platkin announced a $27.4 million settlement with Yellowstone Capital LLC and related entities (collectively…
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