Finance Law and Banking Law

You have found a business you want to buy. The seller has an existing SBA loan with a solid interest rate, and the idea of simply stepping into their shoes — taking over the loan along with the business — sounds...

Nordic bonds have evolved from a regional niche into a credible alternative for acquisition financings across Europe, the United States, and Asia-Pacific. This financing framework offers institutional investors...

Large family offices and institutional investors are increasingly turning to NAV loans as a portfolio management tool for their alternatives holdings.

On June 10, the CFTC (by the vote of its sole Commissioner) issued a notice of proposed rulemaking that would establish a framework for determining when event contracts involving gaming, war, terrorism, assassination, or unlawful activity are contrary to the public interest under the Commodity Exchange Act (CEA).

On June 10, 2026, the CFTC issued a notice of proposed rulemaking that would overhaul how it evaluates whether to prohibit the listing or clearing of an otherwise...

On June 10, 2026, the Commodity Futures Trading Commission (CFTC) released a significant Notice of Proposed Rulemaking (Proposed Rule) that would reshape the regulatory treatment of prediction markets under the Commodity Exchange Act (CEA).

Christian Munafo, Portfolio Manager of Growth Equity at VanEck, discusses the evolution of the non-traditional secondaries market, the rise of late-stage private investing, and the growing convergence of public and private markets. Drawing on more than 20 years of experience in venture and growth equity secondaries, he explains how the market has expanded beyond traditional LP-led transactions to include GP-led deals, structured solutions, and direct investments in private companies.

The Supreme Court has resolved a critical question about shareholder rights under the Investment Company Act of 1940, determining whether investors can directly sue to void fund contracts they believe violate federal law.

On June 11, 2025, the U.S. Supreme Court decided FS Credit Opportunities Corp., et al. v. Saba Capital Master Fund, Ltd., et al. (24-345), holding that Section 47(b) of the Investment Company Act of 1940 (ICA) does not create an implied right of action for rescission.

REVERSEinquiries explores critical questions surrounding index-provider readiness for IPO stocks, OCC and exchange mechanics for late IPO opens, and ETF fund-vehicle exposure considerations.

The DOJ and CFTC have filed their first cases alleging insider trading in prediction markets based on misappropriated confidential commercial information, charging a software engineer who allegedly used non-public company data to profit from event contracts. These prosecutions expand beyond classified information cases and raise important questions about cross-border jurisdiction, the scope of confidential information protections, and the CFTC's authority over overseas prediction markets.

Hybrid capital instruments are transforming private capital markets by offering flexible financing solutions that bridge traditional debt and equity.