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29 Sep 2018, 12:42 am by Pushkar Taimni
The covenants of the said IMOU covered the matters relating to bank accounts and withdrawal power etc. [read post]
13 Sep 2018, 9:42 pm by Adam Levitin
  And if you want to explain the covenants in a mortgage, you've got to consider the problem of occupancy fraud. [read post]
7 Sep 2018, 3:52 pm by Lax & Neville LLP
When financial advisors transition from one bank to another, there is always a litigation risk. [read post]
6 Sep 2018, 4:00 am by Tracy Coenen
Loan covenants are often violated when a substantial fraud has been committed and it is important that a realistic and well-thought-out financial recovery plan is presented to the bank. [read post]
28 Aug 2018, 11:07 am by Robert Wernli, Jr.
Under Section 15 of the Securities Act, each person who, by or through stock ownership, agency, or otherwise, controls any person who violates Section 5 of the Securities Act, may also be jointly and severally liable for such Section 5 violation. 4.Accounting Consequences: Potential payments in respect of rescission rights may be required to be booked as contingent liabilities under GAAP, which can negatively impact financial statements and the issuer’s ability to comply with financial… [read post]
14 Aug 2018, 1:25 pm by Larry Tolchinsky
The entire loan package is investigated, including reviewing paragraph by paragraph the closing documents and legal instruments to determine what obligations and promises were made by each side (the “covenants”). [read post]
15 Jul 2018, 1:00 pm by Corbin Bridge
Closing covenants limit the seller’s actions prior to and after the transaction. [read post]
2 Jul 2018, 6:09 am
In practice, creditors rarely need to carry out such threats; most covenant violations lead to contract renegotiation. [read post]
3 May 2018, 6:01 am
Hans Schmeets, How World Bank Governance Indicators May Predict the Assessment of Elections by International Observers: Evidence From the OSCE-Region Gudrun Monika Zagel, International Organisations and Human Rights: The Role of the UN Covenants in Overcoming the Accountability Gap Juan Pablo Pérez-León-Acevedo, The Katanga Reparation Order at the International Criminal Court: Developing the Emerging Reparation Practice of the Court [read post]
1 May 2018, 1:02 pm
E*Trade Bank (Fed. [read post]
10 Apr 2018, 2:40 pm
Three different types of institutions are considered—private banks, sovereign wealth funds/state owned enterprises, and international financial institutions (IFIs). [read post]
In Seyfarth’s second installment in its 2018 Trade Secrets Webinar Series, Seyfarth attorneys Scott Humphrey, Erik Weibust, and Marcus Mintz focused on trade secret and client relationship considerations in the banking and financial services industry, with a particular focus on a firm’s relationship with its FINRA members. [read post]
27 Mar 2018, 1:30 pm by zamansky
Just as in the high-yield bond market, covenants designed to prevent the most egregious behavior of borrowers were scrapped and investors took more on faith: Half of U.S. leveraged loans and 60% of Europe’s are ‘covenant-lite,’ according to the Institute of International Finance, a trade group. [read post]
13 Mar 2018, 5:00 am by Katherine A. Campbell
West India withheld its consent to two of these applications on grounds that it had not received undertakings for its legal fees or for the cost of carrying out inspections of the apartments and it had not received a bank reference to enable it to assess the assignee’s covenant strength. [read post]
26 Feb 2018, 8:31 am by Seyfarth Shaw LLP
On Tuesday, March 27, in Seyfarth’s second installment in its 2018 Trade Secrets Webinar Series, Seyfarth attorneys Scott Humphrey, Erik Weibust, and Marcus Mintz will focus on trade secret and client relationship considerations in the banking and financial services industry, with a particular focus on a firm’s relationship with its FINRA members. [read post]