Important Legal Victory For The Syndicated Loan Market
In an important victory for the syndicated loan market, the New York Court of Appeals unanimously ruled on Thursday that it is not unreasonable as a matter of law for lenders to rely on representations and warranties in a credit agreement regarding the accuracy of unaudited financial statements without conducting their own investigation of the statements and questioning those who prepared them.
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Impact of Financial Regulatory Reform Bill on the CLO and Loan Market
At 5:39am on the morning of Friday, June 25th, following a marathon session, lawmakers completed the Conference Committee process for the financial regulatory reform bill.
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Federal Rule of Bankruptcy Procedure 2019
The Advisory Committee on Bankruptcy Rules has made sweeping revisions to proposed Bankruptcy Rule 2019 and his largely adopted the changes suggested by the LSTA. Of particular importance to the loan market, the rule will no longer require the disclosure of the price paid for a claim in bankuptcy and the date acquired (except in very limited circumstances) in Rule 2019 verified statements.
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LSTA issues Comment Letter on SEC’s Regulation AB
The LSTA issued a comment letter on the SEC's proposed changes to Regulation AB, noting that applying the Reg AB requirements uniformly to all asset classes has the potential to disrupt securitization in discrete and unique asset classes.
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LSTA Issues White Paper on Syndicated Loans and CLOs
The LSTA issued a White Paper that discussed the importance of syndicated loans and CLOs to U.S. companies.
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LSTA Website Login Issues
As of this morning issues with our members gaining access to our site has been resolved. But if you are still experiencing some issues, please contact us at 212.880.3000.
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