Finance Law and Banking Law

On July 13 and July 15, a coalition of 11 states and the District of Columbia, followed by two former FDIC Board members, filed amicus briefs supporting Colorado in the en banc proceedings...

A secured lender's appointment of a receiver over collateral may trigger a borrower's Chapter 11 bankruptcy filing, potentially causing significant delay and expense. Recent bankruptcy court decisions reveal how specific language in receivership orders can mitigate this risk by divesting debtor management of authority to act on the borrower's behalf.

On June 23, Rhode Island Governor Dan McKee signed Senate Bill 3075, establishing capital, liquidity, corporate governance, audit, and risk-management requirements...

Payment-in-kind (PIK) interest allows fund borrowers to defer cash interest payments by converting them into additional principal obligations, offering a powerful liquidity management tool for private equity and real estate investment funds. This analysis examines the strategic considerations, tax implications, and regulatory guardrails that both borrowers and lenders must evaluate when implementing PIK interest provisions in subscription and NAV facilities. From leverage covenant compliance to interest rat

The rated note fund market has experienced explosive growth, with 2025 issuance volumes reaching all-time records as insurance companies and regulated investors seek capital-efficient exposure to private credit strategies. This comprehensive analysis examines how RNFs elegantly solve regulatory capital challenges by converting LP equity interests into rated debt instruments, the structural mechanics of vertical versus horizontal capital structures, and the evolving regulatory landscape including NAIC's prin

Valuations and fairness opinions have become essential tools in fund finance transactions as deals grow more complex. This analysis explores how these independent third-party assessments help fund sponsors, limited partners, and lenders navigate conflicts of interest, satisfy fiduciary duties, and establish transparent pricing in continuation vehicles, NAV lending, and affiliated asset transfers.

BNP Paribas is seeking a Vice President - Legal Counsel to serve on the Asset Finance & Securitization (“AFS”) Legal team.

The global aviation leasing and finance market continues to navigate an era of unprecedented geopolitical risk.

Adopting Accounting Standards Codification (ASC) 842, Leases, introduces new considerations for companies with leases. One such complex consideration is accounting for the potential impairment...

Kalshi's launch of clinical-trial prediction markets creates a novel regulatory challenge at the intersection of federal derivatives law, pharmaceutical development, and information asymmetry.

On the latest episode of “The Lobby Bar,” hosts Charlie Ricciardelli and Tyler Rosen unpack the Supreme Court’s recent decision in National Republican Senatorial Committee v. FEC, which struck down federal limits on coordinated expenditures by political parties and their candidates, while leaving key campaign finance rules — including contribution limits, disclosure obligations and earmarking restrictions — in place.

Illinois has enacted comprehensive legislation establishing a new regulatory framework for buy-now-pay-later lending products, introducing licensing requirements, consumer protection standards, and rate caps that will fundamentally reshape how BNPL providers operate in the state. The Act, which takes effect January 1, 2028, extends credit card-like dispute protections to BNPL transactions while imposing strict underwriting and disclosure obligations on lenders.