Lenders regularly provide for arbitration in their employment agreements but not in their loan and intercreditor agreements. This program presented how lenders may be better served by including arbitration in lieu of litigation provisions in their documents; address drafting arbitration provisions; and critique sample arbitration provisions in use.

EVENT DETAILS

Thursday, January 9, 2020
4PM to 5:15PM (ET)|Webcast Only
1.5 CLE Credit| NY State Transitional and Non-Transitional – Areas of Professional Practice

SPEAKERS

  • Richard Gray, FCIArb, Independent Arbitrator, Gray Arbitration LLC
  • Bridget Marsh, EVP, Deputy General Counsel, LSTA
  • Jeffrey Wurst, Partner, Ruskin Moscou Faltischek, P.C.
  • Jeffrey Zaino, VP, Commercial Division, American Arbitration Association – International Centre for Dispute Resolution
Generic Webcast (October 2019)

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LSTA Publishes its Second Credit Agreement

Today the LSTA published a new addition to its document library – the LSTA’s Form of Credit Agreement – Investment Grade Term Loan. This form is designed for a standalone term loan for investment grade borrowers.

LSTA Newsletter – January 17, 2020

A short one this week: one article on the borrower’s arguments for “hardwired” LIBOR fallbacks, and another article on the latest in what the LSTA is doing in the ESG space. Oh–and a friendly reminder to treat MLK Day as a holiday for delayed comp purposes.

LSTA’s Recap of Brexit: Britain To Withdraw

Today, the LSTA hosted a webinar, “Brexit: Britain to Withdraw on January 31st”, presented by Clifford Chance Partner, Simon Crown. The UK has been stuck in a holding pattern since the 2016 Brexit referendum, but that was broken by the results of the UK’s General Election, which took place on December 12th, when the UK’s Conservative Party were returned to government with a strong majority in the House of Commons.

The Borrower’s Argument for Hardwired Fallbacks

According to recent research by Fitch, borrowers should have a compelling appetite for “hardwired” LIBOR fallbacks. The downside risk of the amendment fallback – ending up in Prime – may be more likely than borrowers appreciate and the cash flow and ratings implications could be material. We discuss all below.