Regulation & Legal

Strategy guide: Regulation

Regulatory and legal considerations should be embedded in underwriting from the outset – particularly when operating across multiple jurisdictions.

War’s disruption does not cure contract breach: Wasel & Wasel

The law firm has cited a Dubai case that arose out of Sudanese civil war that may assist financiers of projects around the wartime Persian Gulf today.

Germany’s clarified framework for enforcement and recoveries

How the country’s updated auction rules are starting to shape intercreditor dynamics, enforcement strategies and loss-given-default assumptions in deals involving German collateral. By Dagmar Gold of Deutsche Pfandverwertung

Private credit’s political shadow

The economic troubles of the asset class are causing political problems for the industry as regulators rethink some of their ‘light touch’ promises.

Cliffwater CIO: Time to reconsider NAV ‘squeezing’ in secondaries

The asset manager’s investment chief cites ‘weird time arbitrage’ that the practice causes for evergreen investors who buy into vehicles at similar points.

Jirí Król: Changing retail investors’ attitude to liquidity

Alongside performance and credit quality, liquidity has emerged as an equally important consideration, writes the global head of the Alternative Credit Council.

Ropes & Gray makes fifth senior recent hire from Fried Frank

For complex special situations, liability management and restructuring matters of R&G clients.

Bankruptcy debtors score a win over residential portfolio

US bankruptcy court approves sale of rent-stabilised residential properties, setting aside housing-based objections from New York City.

Jirí Król: The next test in regulation is scale and underwriting in a diversifying arena

Private credit’s scale looks less like the beginning of the end and more like the end of the beginning.

First Brands founder indicted as new liquidity approved

Bankrupt auto parts firm’s founder and his brother indicted on charges of defrauding banks and investors.