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It would be easy to assume that an event as cataclysmic as COVID-19 would qualify as a “black swan”, a term which has become shorthand for an event that catches markets unawares. The term “black…
In this article Friedman Kaplan attorneys Asaf Reindel, Stan Chiueh, and Jessica Julich share findings from a review of the LIBOR fallback and other provisions in 300 recent loan and credit agreements, which were extracted…
For leveraged loan lenders, now’s the time to dig deep into your leveraged loan documents to mitigate increasing risks. Since the end of the last financial crisis, there’s been a slow but pronounced trend tipping…
Over the past couple of months, as the pandemic-induced economic crisis has worsened, we’ve seen a marked increase in activity on the Eigen platform. Our clients in the corporate credit market are using the platform…
Amid a global pandemic and economic crisis, banks, asset managers, insurers and financial firms are still working towards the LIBOR transition deadline of the end of 2021.While the Financial Conduct Authority (FCA) in the UK…
In the last few weeks, cities around the world have gone into lockdown to bring the spread of COVID-19 under control. Usually bustling streets, offices and financial hubs lay empty as people stay home to…