September 28, 2022 - Today, the LSTA published a Market Advisory which discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”) in the secondary loan trading market.  Given the increase in distressed trading of certain loans that settle on proceeds that may trigger the need to take steps to satisfy “FIRPTA” requirements, the LSTA has taken the opportunity to remind members and other loan market participants that the purchase and sale of certain assets received in connection with the restructuring of a borrower may implicate important tax considerations and obligations. Those considerations and obligations are discussed in the Market Advisory.  We would like to thank Charlie Cole and Christopher Campbell of Cole, Mink, & Fransella for their hard work and excellent advice on this advisory.

Become a Member

Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.

View our Latest Member Spotlight

Our Partners

CUSIPDeal Catalyst transparent colourFitch Group logolseg_da_logo_hrz_rgb_posMorningstar