As Environmental, Social and Governance (“ESG”) trends continue to evolve, the industry continues to publish best practices and guidance to aid in the development of this rapidly growing market. Most recently, the Loan...more
The Paycheck Protection Program (PPP) under Title I of the CARES Act was established on March 27, 2020 to provide financial relief for small businesses adversely affected by COVID-19. The CARES Act initially allocated $349...more
In a previous blogpost, we explained the technical requirements for financing statements and the potential risks of failing to satisfy them, highlighting a case where the court ruled, under a prior version of the Puerto Rico...more
12/5/2019
/ Appeals ,
Article 9 ,
Bankruptcy Code ,
Collateral ,
Commercial Bankruptcy ,
Commercial Loans ,
En Banc Review ,
First Impression ,
Perfected Security Interest ,
Puerto Rico ,
Reversal ,
Secured Debt ,
UCC Financing Statements ,
Uniform Commercial Code (UCC)
Manufacturers encounter financing statements in many contexts – as a borrower, as a supplier of goods sold on credit, as a seller in a leveraged acquisition, as a seller of equipment where financing is provided to the buyer...more
3/28/2019
/ Bankruptcy Code ,
Best Practices ,
Bond Financing ,
Collateral ,
Commercial Bankruptcy ,
Commercial Loans ,
Contract Terms ,
Debtors ,
Distributors ,
Financial Transactions ,
Loan Agreements ,
Manufacturers ,
Perfected Security Interest ,
Puerto Rico ,
Risk Management ,
Secured Debt ,
Suppliers ,
UCC Financing Statements ,
Uniform Commercial Code (UCC)
1. Background: Elimination of LIBOR by 2021 -
As has been widely publicized, on July 27, 2017, the U.K. Financial Conduct Authority announced that LIBOR (London Interbank Offered Rate) the longtime global interest rate...more