Will the Leveraged Loan Market Trigger a Financial Pandemic? Understanding Cov-Lite Loans, CLOs and EBITDA Add-Backs
I. Introduction[1]* In 1997, a financial contagion swept through the banking system in Southeast Asia,…
Browsing: Capital Markets
Capital Markets’ Limited Right to Exercise Freedom to Operate
To generate profits and protect their intellectual property rights, it is important that companies establish…
Alibaba and the Minimal Impact of the Largest IPO Ever
On Friday, September 19, people from Beijing to New York could be seen celebrating…
Vultures Beware: Fisker’s Potential Implications for Distressed Debt Investors
Chances are you have heard about the international showdown that took place this summer between…
Swap Transaction Recordkeeping: Information Hoarding
The Dodd-Frank Wall Street Reform and Consumer Protection Act has many new or updated rules…
New Accredited Crowdfunding Platforms
The new registration exemption in connection with Rule 506 offerings and crowdfunding portals significantly expand…
The JOBS Act Turns One-Year-Old and It’s Clear that this Ill-Conceived “IPO On-Ramp” Needs an Off-Ramp
In the wake of a sweeping financial crisis that crippled U.S. capital markets and left…
Pari Passu for The Seven Percent Too; Argentina’s Fight To Turn Veritable Claims into Legal Fiction
On February 27th the Second Circuit Court of Appeals heard oral arguments between plaintiff-appellees, hedge…
Battle over Herbalife Should Raise Concerns about the Influence of Short Sellers
William Ackman is so sure that Herbalife is a fraudulent company that he is literally…
High Frequency Trading: An Overview
By: Jason Hsu High frequency trading (“HFT,” and also known as low-latency trading) is the…