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26 August 2016

Is Bank Debt A Security? GM's Dangerous Implications

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Herbert Smith Freehills Kramer LLP

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Corporate restructuring and bankruptcy partner Thomas Moers Mayer's article "Is Bank Debt A Security? GM's Dangerous Implications" appeared in the Aug. 19, 2016 issue of Law360.
United States Insolvency/Bankruptcy/Re-Structuring
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Corporate restructuring and bankruptcy partner Thomas Moers Mayer's article "Is Bank Debt A Security? GM's Dangerous Implications" appeared in the Aug. 19, 2016 issue of Law360. The article examines arguments that GM's term bank loan could be a "security" under the Bankruptcy Code – arguments that risk exposing bank debt to regulation under the securities laws.

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