Weekly News – April 8
The BIG news this week…
Incora and intra-class warfare
Matt Levine’s take on Incora. If you read anything this week, read this.
How we got here in pictures
CLOs first replace “relationship lenders” per Professors Berlin, Nini, and Yu (Sept. 2019)
Is there hope for the “market”?
Per Professors Buccola and Nini 75% of leveraged loans would now block an uptier exchange! Go market!
What have the courts said about intra-creditor warfare in pictures
Back in 2017, the New York Supreme Court questioned these tactics by specialty clothier NYDJ:
Split verdict since then in the Courts
ALLOWING: Supreme Court of the State of New York in Serta Simmons (June 2020)
QUESTIONING: Supreme Court of the State of New York in TriMark (August 2021)
For those looking for more on intra-creditor warfare
Why the outlook for SPACs just got much, much worse…
A dismal outlook for SPACs just got worse
More fall-out from Russian sanctions
Russia’s Sberbank to close London investment arm
London arm of Russia’s VTB on brink of collapse as sanctions bite
2021 was a fine year…
Kirkland Surpasses $6B in Revenue, Poised to Remain on Top of Am Law Rankings
Upcoming Events
April 13: Faegre Drinker: Securities Law and the Distressed Bond Trading Market
April 25: NCBJ discusses the NHL Coyotes bankruptcy
April 26: TMA: NYC Judges Luncheon featuring Judges Drain, Jones & Lopez
*NEW EVENT* April 26: INSOL: Evergrande-Tip of the Iceberg for the Chinese Property Sector?
April 28: American Bankruptcy Institute Annual Spring Meeting in Washington DC
May 11: VALCON 2022
*NEW EVENT* June 10: American Bankruptcy Institute New York City Bankruptcy Conference
*NEW EVENT* June 15: Secured Finance Network Women in Secured Finance Conference 2022
*NEW EVENT* June 26: INSOL London Conference
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