The last few weeks have again been disruptive and momentous (I am loath to say unprecedented as, unfortunately, we have been here before). SVB, Signature, First Republic and Credit Suisse are the names of the moment. Will there be others? We shall see.

Cadwalader has been tracking these developments and has provided timely thought pieces on these matters in real time. Please visit our Financial Markets Resource Center for the most up-to-the-minute developments and analysis. We will continue to update this space as needed. 

In addition, please feel free to reach out to your contacts to answer any specific inquiries. Maybe the markets need to remember a well-known phrase: Keep calm and carry on.

By Adam Blakemore

Partner | Tax

By Catherine Richardson

Partner | Tax

By Hugo Chan

Associate | Tax

The Chancellor of the Exchequer delivered the United Kingdom Budget for 2023 on 15 March 2023. In this article, we have outlined the key tax measures that we expect to be of interest to Cadwalader’s real estate clients.

Read More »

By Duncan Hubbard

Partner | Real Estate

By Adam Blakemore

Partner | Tax

By Carl Hey

Associate | Real Estate

As part of the UK’s Spring 2023 Budget, Chancellor Jeremy Hunt has scrapped plans to require sovereign wealth funds to pay corporation tax on property and commercial enterprises.

Read More »

By Alix Prentice

Partner | Financial Regulation

By Duncan Hubbard

Partner | Real Estate

On 30 September 2022, the Prudential Regulation Authority published Consultation Paper 16/22 proposing for the implementation of Basel 3.1 standards in the UK. The consultation closes on 31 March 2023, with the proposed implementation date beginning 1 January 2025 (with a transition period of five years from that date for most provisions). This article sets out a summary of the key changes of interest to those in the real estate finance market.

Read More »

By Eric G. Waxman

Counsel | Financial Restructuring

By Andrew M. Greenberg

Associate | Financial Restructuring

By Jack Sullivan

Associate | Real Estate

Since 1993, decisions out of the U.S. Bankruptcy Court for the Southern District of New York consistently adopted the aggregate “rent approach” for calculating lease rejection damages in bankruptcy proceedings. But in Bankruptcy Judge Wiles’ recent decision in In re Cortlandt Liquidating LLC, he departed from the “rent approach” in favor of the “time approach,” which is based on the time remaining under the lease rather than factoring in the total or aggregate rent still owed under the lease. The Cortlandt decision is aligned with the trend in the case law and may indicate how lease rejection damage claims will be calculated in Southern District of New York bankruptcy proceedings moving forward.    

Read More »

Cadwalader real estate partner Steve Herman and financial restructuring partner Kathryn Borgeson will participate in a Strafford-sponsored live video webinar, titled “Special Purpose Entities in Real Estate Transactions: Structuring and Documentation,” on Tuesday, May 2, from 1-2:30 p.m.

Read More »

Real Estate Finance partner Steven Herman and associate William Lo were named recipients of JD Supra’s “Readers’ Choice Awards” for Real Estate.

Read More »

Here is a rundown of some of Cadwalader’s recent work on behalf of clients.

Read More »