Much of the thought in the LIBOR phase-out process has been on drafting contract terms that identify an agreed-upon replacement benchmark and then effecting the transition. One aspect that has received less attention is the necessary margin adjustment that should accompany a change in the benchmark.
This has been a sad week. Kobe and his daughter Gianna passing has hit me hard, like it has for most all of us. I’ve several times found myself in public with moist eyes simply from seeing the Facebook post with Kobe’s arm around Gianna at a Lakers game.
Commonwealth Bank of Australia is seeking a seasoned Fund Finance banker as a Director in its Financial Institutions Group in New York.
Here are updates to our Fund Finance Calendar.
Funds in Europe are increasingly calling on their traditional subscription finance lenders for the purpose of providing credit lines to management and executives of the fund. In one form or another, these facilities have existed in the market for some time, but an increase in the size, number and lenders willing to make these facilities available is leading to an increased focus on their (often quite technical) requirements.
Global Legal Insights: Fund Finance 2020, commonly known as the "Pink Book," was published by Global Legal Group Ltd. (GLG) this week. This is the fourth edition of the guide, which includes 25 product-oriented chapters together with 19 jurisdictional updates. Many of the world’s preeminent fund finance law firms contributed chapters, and I am extremely appreciative of their continuing support of, and contributions to, the book.
This year the London Fund Finance team at Cadwalader authored two chapters in the 2020 Pink Book.
Cadwalader provided a chapter in the 2020 Pink Book on current market trends on overcall limitations.
Here's a look at what we're reading outside the four corners of fund finance.
Silicon Valley Bank is seeking to add a Director, Senior Associate and Associate to its London-based Global Funds Banking Team.