Whats Market_Erroneous Payment Provisions (Sept 30 2021)

A discussion of the decision of the United States District Court for the Southern District of New York in the Revlon case, the effect of the ruling on credit documentation and the current state of erroneous payment provisions propounded by financial institutions and the LSTA to address the issues raised by the court ruling. This Note will be updated quarterly.


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Tess Virmani weighs in on the SEC’s climate-related disclosure proposal, the LSTA’s response and what it could mean for the loan market.