Finance Law and Banking Law

As commercial air travel surges past pre-pandemic levels with 1.1 billion passengers in FY2024, US airports face unprecedented demand for modernization. Major transformations at LaGuardia, JFK, and LAX demonstrate how public-private partnerships are delivering multi-billion dollar terminal redevelopments, automated transit systems, and consolidated facilities. With Washington Dulles seeking complete terminal replacement and new airports like Chicago's South Suburban project in procurement, the private secto

Under SEC-Chairman Paul Atkins, the Securities and Exchange Commission has proposed a new set of rules that would permit electronic delivery as the default method of delivery for all required disclosures under the federal securities laws. [1] If adopted, this would mark a foundational and very welcome shift in how registered investment advisers, investment companies, business development companies, broker-dealers, transfer agents, and other regulated entities may deliver required disclosures to investors, clients, and other market participants.

As global demand for critical minerals accelerates, the midstream – the processing and refining of raw materials into usable industrial inputs – is increasingly viewed as a strategically important section of the metals value chain and key to industrial sovereignty. However, despite the strong demand narrative, midstream projects in the UK and Europe face significant challenges.

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...

Nasdaq has implemented a new continued listing requirement establishing a $5 million minimum Market Value of Listed Securities threshold, creating immediate delisting risk for companies that fall below this level for 30 consecutive business days. Unlike traditional compliance deficiencies that offer cure periods, this rule triggers automatic suspension without advance warning, fundamentally altering the risk landscape for micro-cap and financially distressed public companies.

Nasdaq has introduced a new minimum Market Value of Listed Securities (MVLS) requirement of $5 million that carries no cure period and results in immediate suspension upon breach. Unlike other listing standards, companies that fall below this threshold for 30 consecutive business days face delisting without the typical grace period to regain compliance. This analysis examines the rule's mechanics, its implications for microcap public companies, and strategic options available to maintain compliance.

The U.S. Securities and Exchange Commission has approved Nasdaq's new continued listing requirement mandating companies maintain a market value of listed securities of at least $5 million. Companies falling below this threshold for 30 consecutive business days face immediate trading suspension and delisting proceedings with no cure period. What strategic alternatives should listed companies consider to navigate this unprecedented regulatory change?

A Greenwich Village real estate developer has secured $55 million in financing from G4 Capital Partners to fund the demolition of two adjacent residential buildings and construct a new 56,000-square-foot development. The pre-development loan will support AG Paratus's plans to raze the existing structures at 111-113 E. 12th Street and replace them with a significantly larger project, though the specific use of the new development remains undetermined.

Illinois has adopted comprehensive regulations governing shared appreciation agreements, also known as home equity contracts or investments. These new rules establish detailed licensing requirements, disclosure obligations, and consumer protections for originators and servicers of these financial products, which allow consumers to receive money in exchange for a future interest in their home's value.

Cadwalader's real estate finance team has successfully closed several major transactions spanning student housing portfolios, luxury resort acquisitions, office complex refinancings, industrial warehouse facilities, and cold-storage properties. These deals range from $39.25 million to $1.435 billion and involve diverse property types across multiple states, demonstrating the firm's comprehensive capabilities in commercial real estate lending and acquisition financing.