Finance Law and Banking Law

The SEC's Division of Corporation Finance has issued a new exemptive order allowing qualifying tender and exchange offers for non-convertible debt securities to remain open for just five business days instead of the standard 20. This modernized framework expands relief beyond the 2015 no-action letter, introducing significant changes including the elimination of guaranteed delivery requirements, removal of financing restrictions, and permission for partial offers and certain consent solicitations.

On June 30, 2026, the Division of Corporation Finance (the Division) of the U.S. Securities and Exchange Commission (the SEC) issued an exemptive order (the Order), effective immediately, that materially broadens...

The SEC's Division of Corporation Finance has issued a new exemptive order that significantly expands the framework for abbreviated tender and exchange offers for non-convertible debt securities, moving beyond the constraints of its 2015 guidance. This order introduces greater flexibility by permitting partial offers, consent solicitations, and broader investor participation while streamlining procedural requirements. Companies and their advisers now have access to five-day offering periods for a meaningful

Joshua N. Rudin, a Mintz Member specializing in commercial real estate transactions, discusses his approach to structuring complex deals involving multiple stakeholders and financing layers. He shares insights on the unique considerations of data center transactions compared to traditional commercial real estate projects, and reveals his passion for live music and golf outside of his legal practice.

California's Attorney General challenges the federal government's decision to cancel an offshore wind lease in favor of fossil fuel investments, while global pumped storage capacity surpasses 200 GW and major solar and battery storage projects advance across the western United States. The renewable energy sector continues its rapid expansion with significant financing closures and new transmission infrastructure coming online to support clean energy distribution.

Arizona Governor Katie Hobbs has signed House Bill 2999 into law, establishing a new State Affordability Infrastructure District (SAID) framework that enables developers...

As technology continues to creep into all aspects of life, banks and financial institutions have grown to appreciate the acronym “KYC”: Know Your Customer.

In a series of five Mortgagee Letters, the U.S. Department of Housing and Urban Development (HUD) recently modified policies for Federal Housing Administration (FHA) insured residential mortgage loans to reduce...

As the fund finance market evolves beyond traditional single-tranche credit facilities, understanding the critical distinctions between lien subordination and payment subordination becomes essential for structuring complex financings.

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.