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Byline: MORGAN LOWRIE; THE CANADIAN PRESS MONTREAL -- The Canadian government on Friday announced a loan of $2.14-billion to satellite operator Telesat Corp. to help the company build its broadband [...]

Gov. Gavin Newsom of California rejected a Democratic proposal that would have extended first-time home-buyer loans to some undocumented immigrants. Republicans had widely criticized the bill. Gov. Gavin Newsom of [...]

A recent decision in the Commercial Division of the Supreme Court, New York County, emphasizes the importance of clear and unambiguous contract drafting in all lending situations, including real estate. [...]

On September 30, the Department of Defense's (DoD) Office of Strategic Capital (OSC) announced its first-ever Notice of Funding Availability (NOFA) to provide loans for technologies that are critical to [...]

The Supreme Court of British Columbia reaffirmed various principles of contractual interpretation in Alderbridge Way GP Ltd. (Re), 2024 BCSC 1433 - a decision which reinforces the importance of a [...]

The Financial Industry Regulatory Authority (FINRA) has adopted significant amendments to Rule 3240, which governs borrowing and lending arrangements between registered persons and their customers. These updates, effective April 28, [...]

1. INTRODUCTION 1.1 The Reserve Bank of India (RBI) has issued a circular 'Gold loans - Irregular practices observed in grant of loans against pledge of gold ornaments and jewellery' [...]

New York: Fitch Ratings has issued the following commentary: Monetary policy tightening, through regulations and high interest rates, continued to squeeze Turkish banks' margins in 2Q24, weakening performance despite improved [...]

Why Value Leakage Matters When negotiating credit agreements, lenders will focus on how to maximize the prospect of their loan being repaid in full at maturity. If money and/or assets [...]

Convertible loans have emerged as a pivotal financial instrument for start-ups navigating the challenging terrain of early-stage funding (pre-seed and seed), also called angel investment. These loans are a hybrid [...]

1. Introduction Most favoured creditor ('MFC') clauses are structured as protections for lenders in loan agreements. MFC clauses have been integrated into credit relationships as a reflection of the most [...]

Highlights Up to $984 million is now available in loans from the U.S. Department of Defense's (DOD) Office of Strategic Capital (OSC) for projects falling under 31 covered technology categories [...]

Pass-through Certificate (PTC) represents an undivided interest in a pool of underlying assets, like mortgages, loans, property, equity shares, etc. Its's one of the most preferred form of Fixed Income [...]

Building on existing case law, the Court of Justice of the European Union (CJEU) recently considered the test for when a standalone anti-competitive information exchange will constitute a 'by object' [...]

1. Regulatory Updates 1.1. India 1.1.1 WMA limit set at INR 50,000 crore for October 2024 to March 2025 RBI, in consultation with the Government of India, has set the [...]

From a niche industry trend, financial technology ('Fintech') has become a major disruptive force in the global financial landscape over the past 10 years. The concept of Fintech refers to [...]

As football season kicks off, both professional scouts and fantasy football enthusiasts are on the hunt for the next Brady, Sanders, or Taylor. Everyone is eager to find the next [...]

In January 2024 we published an article about the case of the case of Houssein & Ors v London Credit Ltd & Ors [2023] EWHC 1428 (Ch) where the High [...]

As lenders and borrowers try to get creative in working through ongoing distress in the real estate market, especially in certain asset classes, it is crucial for lenders to understand [...]

On May 1, 2024, the Financial Industry Regulatory Authority (FINRA) proposed a new Rule 6500 Series to implement its Securities Lending and Transparency Engine (SLATE'). The new rule series is [...]

Byline: DAVID MILSTEAD; Staff Executives owning a lot of stock in the company? Good! Company lending money to said executives to buy that stock? Not good. Company making the loan, [...]

Byline: GARY SCHWARTZ President of the Canadian Lenders Association During an affordability crisis, leaders should do all they can to make life easier for homebuyers and small businesses. Unfortunately, the [...]

The Securities and Exchange Board of India ('SEBI') has enacted significant amendments to the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012, through the Securities and Exchange [...]

1. Regulatory Updates 1.1. India 1.1.1. RBI modifies NBFC-P2P directions amid compliance concerns The Reserve Bank of India ('RBI') has imposed stricter regulations on peer-to-peer lending platforms following instances of [...]

1. Introduction Throughout the history the structure of financing agreements is essentially based on comprehensive protections for lenders. This basic principle began to be partially abandoned following the 2008 global [...]

As the Department of Energy's ('DOE') Loan Programs Office ('LPO') continues to finance clean energy manufacturing and deployment in the United States, the recent announcement by the DOE's Office of [...]

The law on self-prohibition of issuing loans, which will come into force on March 1, 2025, assumes that this possibility does not apply to issuing funds on previously opened credit [...]

Greater interest in ESG and the energy transition may be observed recently throughout Europe, especially after the COVID-19 pandemic and the Russian aggression against Ukraine. The green energy transition has [...]

Back leverage is a mechanic whereby a debt fund lender borrows money from a third-party to finance its loan to a borrower. It is increasingly employed by commercial real estate [...]

Introduction The revised Alternative Investment Fund Managers Directive (AIFMD2) introduces new requirements for funds managed by EU-based alternative investment fund managers (AIFMs) that originate loans. Most of the requirements apply [...]

Florida recently enacted H1347, revising the state's criteria for what constitutes usurious consumer loans. The Florida Consumer Finance Act prohibits charging an interest rate of more than 18% per year [...]

Over the past week, within the framework of the State program 'Affordable loans 5-7-9%', entrepreneurs received 244 soft loans from authorized banks for a total amount of UAH 1.7 billion, [...]

Lending agreements can be quite restrictive on borrowers. If your business is entering into a loan agreement, this article outlines some key considerations for borrowers. 1. Consequence of a breach [...]

1 Legal framework 1.1 Beyond general commercial and contract laws, what other specific laws and regulations govern secured finance in your jurisdiction? 'Secured finance' refers to a type of financial [...]

On June 20, 2024, Judge Christopher Lopez of the United States Bankruptcy Court for the Southern District of Texas issued a highly anticipated decision rejecting one lender's ('Lender Defendant') request [...]

EXECUTIVE SUMMARY As the subscription credit facility market continues to evolve, temporary increase tranches have become increasingly common because they enable funds to quickly adjust the facility size in response [...]

Streamlined loan management is an important aspect of banking and non-banking institutions, competing in the modern financial arena. Moreover, efficient processes guarantee a smooth customer experience, optimise resource allocation, and [...]

In the current financial climate, it is harder than ever for young people to purchase their first home. It is increasingly the case that funds are advanced by a parent [...]

The regulatory technical standards (RTS) setting out ESG disclosures for STS securitisations (both non-ABCP traditional and on-balance sheet) where the underlying exposures are residential loans, auto loans and leases were [...]

ICLG - Lending & Secured Finance Laws and Regulations - Jersey chapter covers common issues in lending and secured finance laws and regulations including guarantees, collateral security, financial assistance, syndicated [...]

On June 10, 2024, the US Securities and Exchange Commission ('SEC' or the 'Commission') published a notice extending the period by which the Commission must take action on the Financial [...]

Byline: BENJAMIN FELIX Portfolio manager and head of research at PWL Capital. He co-hosts the Rational Reminder podcast and has a YouTube channel. He is a CFP professional and a [...]

In this issue. The Consumer Financial Protection Bureau (CFPB) took action to ensure consumers can dispute charges and obtain refunds on buy now, pay later (BNPL) loans; the Securities and [...]

The State Bank of India, the countrys largest lender, is introducing a new loan clause that allows it to pass any increase in costs due to tighter regulations onto borrowers. [...]

Over recent years, the Hong Kong Stock Exchange (HKEx) has noted a rise in misconduct associated with loans and lending activities among listed issuers, which often result in significant impairment [...]

BALTIMORE, MD -- The following information was released by the Maryland Department of Labor, Licensing and Regulation (MDLLR): Company Must Make over $184,000 in Refunds to Maryland Consumers The Maryland [...]

Gurugram, India, May 15, 2024 (GLOBE NEWSWIRE) -- The Kingdom of Saudi Arabia (KSA) is witnessing a loan revolution! The loan aggregator market is poised for significant growth, with a [...]

Listen to this post In an April 16 unpublished opinion, the U.S. Ninth Circuit Court of Appeals affirmed the Bankruptcy Appellate Panel's earlier decision finding that a mortgage lender not [...]