Square 1 Bank, a subsidiary of Pacific Western Bank, recently announced the closing of a $45 million credit facility to New State Capital Partners. More here.
Global law firm Debevoise & Plimpton published a nice summary of the FFA’s Fourth Annual European Fund Finance Symposium. Available here.
Prominent hedge funds are responding to a sectorwide trend in capital outflows by extending the commitment period applied to reinvested distributions and by tweaking their fee structures. More here.
On October 1, 2018, the Delaware Court of Chancery determined for the first time that a seller had suffered a "Material Adverse Effect" ("MAE") following the execution of a merger agreement. More available from the Cadwalader Cabinet here.
The U.S. Treasury Department Office of Foreign Assets Control sanctioned two Singapore-based entities and one individual for having engaged in a variety of illicit economic activities in support of the Democratic People's Republic of Korea and evading U.S. sanctions. More available from the Cadwalader Cabinet here.
