On March 14th the LSTA hosted a webinar, The Collapse of Silicon Valley Bank and What it Means for the Loan Market, which was presented by Thomas Califano, Michael Lewis, Ellen Pesch, and Josh Thompson of Sidley. On March 10th, SVB was put into FDIC receivership and at that time it was unclear exactly what...
On Friday, March 10, 2023, the FDIC was appointed a receiver of Silicon Valley Bank (SVB). This receivership has far-reaching effects on companies across many sectors. Our team of experts from Sidley discussed points of consideration for companies interfacing with a bank in receivership. They also examined the LSTA’s Defaulting Lender Provision and discussed what...
