Regulation & Legal

Factors were wary two months before Saks Global’s bankruptcy filing

Burdened by debt, Saks missed a $100m interest payment in late 2025.

Hertz case offers win for bankruptcy creditors of solvent debtors

Supreme Court decides not to decide, leaving in place a Third Circuit decision and boosting a rule for protection of creditors.

Public BDC performance may prompt pivot to interval funds

Alternative managers have an expanded arsenal compared with the last time public markets soured on BDCs.

Chu and other Tricolor execs indicted for bank and wire fraud

US attorneys claim Tricolor execs Chu, Goodgame, Kollar and Seibold fabricated data to obtain loans.

Default interest rates under scrutiny

The enforceability of default interest clauses has long been a critical issue for lenders and investors in the private debt market. Donna Newman and Peter Sequeira of Stephenson Harwood examine the lessons from Houssein v London Credit.

The stress test is just the beginning

With the first details of the BoE stress test now emerging, firms had better get ready for a surge in interest from regulators.

Bank of England confirms private market stability test details

The UK’s central bank has published details of its upcoming stress test of private credit markets and confirmed some of the firms taking part.

Jirí Król: The IMF is ignoring the best policy lever

The body’s focus on expanding regulation of private credit funds is misplaced and inconsistent with prudential logic.