Finance Law and Banking Law

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...

General partners executing continuation vehicle transactions in 2026 navigate a complex landscape shaped by regulatory uncertainty following the Fifth Circuit's vacatur of the Private Fund Advisers Rule, ILPA's increasingly prescriptive governance framework, and emerging private litigation risk. How can GPs build defensible process architecture that balances fiduciary obligations, institutional investor expectations, and commercial realities while minimizing post-closing exposure?

Katten's Financial Markets and Funds Quick Take delivers a comprehensive monthly roundup of critical regulatory developments, enforcement actions, and policy shifts affecting financial markets and funds. From SEC proposals on electronic delivery to FINRA's enforcement program overhaul and the UK's landmark cryptoasset regulatory regime, this edition examines the evolving landscape shaping broker-dealers, investment managers, and market participants. The newsletter also features insights on prediction market

Collateralized Fund Obligations (CFOs) have evolved from a niche structured finance product into a rapidly growing capital markets instrument, with annual issuance projected to reach $30 billion in 2026. This comprehensive analysis examines the structural mechanics, regulatory framework, and emerging trends driving CFO adoption among asset managers and institutional investors seeking rated exposure to diversified private fund portfolios.

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.

Collateralized Fund Obligations (CFOs) have evolved from a niche structured finance product into a rapidly growing capital markets instrument, with annual issuance projected to reach $30 billion in 2026. This comprehensive analysis examines the structural mechanics, regulatory framework, and emerging trends driving CFO adoption among asset managers and institutional investors seeking rated exposure to diversified private fund portfolios.

In a world where access to credit is a cornerstone of financial stability, the need for fair and accurate credit reporting is of paramount importance.

On June 30, 2026, the staff of the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (“SEC”) issued an exemptive order granting an exemption from Rules 14e-1(a) and (b) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for certain qualifying tender or exchange offers for non-convertible debt securities (“Five Business Day Tender Offers”). The SEC exemptive order supersedes the Staff’s 2015 no-action letter (the “2015 Letter”)[1] relating to Five Business Day Tender Offers and is effective immediately.