News Archive

Posted: March 1, 2018
Gibson v. Ameris Bank, 420, S.C. 536, 804 S.E.2d 276, 2017 S.C. App. LEXIS 81
Posted: March 1, 2018
Miller v. FiberLight, LLC, 343 Ga. App. 593 (Ga. Ct. App. 2017)
Posted: March 1, 2018
American First Federal, Inc. v. Gordon, 173 Conn. App. 573 (June 6, 2017)
Posted: March 1, 2018
Zelby Holdings, Inc. vs. Videogenix, Inc., 92 Mass. App. Ct. 86 (Aug. 18, 2017)
Posted: March 1, 2018
New NAIC Rules on Private Letter RatingsBackground: Until recently, insurers that held securities rated by an NAIC-approved Nationally Recognized Statistical Ratings Organization (i.e. a “CRP” or “rating agency”) have not had to submit financial information on those securities to the Securities Valuation Office of the NAIC (the “SVO”) for a rating designation.   Instead, insurers have held capital based on the ratings assigned by the CRP.  
Posted: February 12, 2018
Posted: February 7, 2018
Joshua Deason is a partner in the New York office of Willkie Farr & Gallagher LLP.  He practices in the Firm’s Finance Practice Group of the Corporate and Financial Services Department, focusing on private placement, banking and institutional finance.  Joshua represents insurance companies, institutional investors and issuers in domestic and cross-border institutional private placement transactions.  He also represents domestic and international borrowers, private equity sponsors and lenders in a wide array of secured and unsecured bank financings, including
Posted: February 6, 2018
Kaplum v. Edgebrook Acquisition 2, LLC, 2016 WL 4493534 (N.D. Ill. Aug. 25, 2016)In an action against bank agents of a failed bank, an Illinois federal court (the “District Court”) has held that (i) only the Federal Deposit Insurance Corporation receiver (“FDIC‑R”) has standing to sue bank agents for derivative claims of unlawful dissolution or breach of fiduciary duty and (ii) an individual must allege harm to himself in order to have standing. 
Posted: February 6, 2018
In the Matter of Spanish Peaks Holdings II, LLC, 2017 WL 2979660, 64 BCD 105 (9th Cir. 2017)Background
Posted: February 6, 2018
RED Mortgage Capital, LLC v. Shores, LLC, et al., No. 2:16‑ 678, 2017 WL 1196170 (S.D. Ohio 03/31/17)Background
Posted: February 6, 2018
Bowling Green Sports Center, Inc. v. G.A.G. LLC, Ill. App. (2d) 160656, 77 N.E.3d 728 (2017)In a dispute between senior and junior lenders, the Illinois Appellate Court (the “Court”) has held that in the event of a breach of an intercreditor agreement for not obtaining a junior lender’s consent prior to a senior lender’s increase of its loan, the junior lender had a superior lien but only to the extent of such increase.
Posted: February 6, 2018
Second Circuit Affirms Lower Court Decisions Denying Make-Whole Premium and Endorses Market Interest Rate in Chapter 11 Cramdown Plans – BOKF, NA v. Momentive Performance Materials Inc. (In re MPM Silicones, L.L.C.), 874 F.3d 787 (2d Cir. 2017)The United States Court of Appeals for the Second Circuit has issued a decision containing both favorable and unfavorable rulings for creditors of distressed companies: 
Posted: February 1, 2018
Posted: January 31, 2018
CHICAGO — Our Kind of TownThere are 106 miles to Chicago and 70 days to the  ACIC Spring Investment Forum.   We have a full agenda, plenty of speakers,  and it’s coming soon. Don’t forget to wear your sunglasses. – Elwood Blues
Posted: January 17, 2018
Happy New Year to all of our Fellows!  We just completed a great year for the American College of Investment Counsel and look forward to building on our momentum to enhance and grow our College.
Posted: December 7, 2017
Posted: November 28, 2017
UK Pensions Regulator's new tougher approach following BHSBackground
Posted: November 28, 2017
UK Court of Appeal judgment on Lehman Waterfall II Parts A and B - Statutory interestThe Court of Appeal has dismissed all appeals brought by creditors relating to the extent and calculation of creditors’ entitlements to statutory interest on their debts for periods after the commencement of the administration of Lehman Brothers International (Europe) (“LBIE”).Background
Posted: November 28, 2017
Recast European Insolvency Regulation (2015) came into effect on 26 June 2017Background
Posted: November 27, 2017
Redwater Decisions and Outcomes in Alberta, Canada
Posted: November 3, 2017
Posted: October 31, 2017
2017 ACIC Annual Meeting and Educational Conference · October 19-20Broadway Nights- Curtains Up with Life Performances & Market UpdatesBy Richard Rejino
Posted: October 25, 2017
Goldman Sachs imagines Libor substitute: itselfInternational Finance Review 2203 30 September to 6 October 2017By:  Shankar Ramakrishnan and Eleanor DuncanGoldman Sachs raised eyebrows last week with language in a bond deal that outlined how the debt would be valued after the discontinuation of Libor.But in a surprising twist, the bank said a “calculation agent” would decide what to use in Libor’s place - and named itself the agent.
Posted: October 23, 2017
The American College of Investment Counsel (ACIC), a national organization of lawyers focused on advising institutional investors, recently elected officers and selected a new class of trustees at the organization’s annual meeting on October 19 in New York City.
Posted: October 5, 2017