Broker/dealers are frequently asked to make payments to finders, service providers and other intermediaries in connection with securities transactions or services. Effective Aug. 24, 2015...

The July 21 Volcker rule compliance date is approaching rapidly. While most affected firms have completed the year-plus long process of analyzing their activities in light of the rule’s...

Over the past 10 to 15 years, lien subordination and tiering has moved from the periphery of the finance markets to the very heart of U.S.-based leveraged finance. Whereas the predominant...

Interest in the DIP financing market on the part of both traditional bank lenders and a new class of institutional investors has continued to increase in recent years, as market participa...

The SEC plans to vote on a proposal on March 25 to amend Exchange Act Rule 15b9-1, which currently enables a certain group of limited business broker-dealers to avoid FINRA membership. In...

The ABI Commission’s report on Chapter 11 reform is starting a controversial conversation. Attorneys Damian S Schaible and Kevin J. Coco discuss specific proposals that will affect secu...

Favourable market conditions have led to a recent rise in PIPE deals. In this article, Paul Chow and Miranda So of Davis Polk answer your burning questions and give their thoughts as to w...

Bernie Madoff’s investment firm, Bernard L. Madoff Investment Securities LLC (Madoff Securities), famously imploded in December 2008 under the weight of the largest Ponzi scheme in U.S....

On Feb. 9, the SEC proposed a long-awaited rule on disclosure of company equity hedging policies, as required by the Dodd-Frank Act (13 CARE 321, 2/13/15) (13 CARE 376, 2/20/15). The prop...

Directors and officers of financially distressed companies often face complicated, high-pressure decisions in fulfilling their fiduciary duties. For years, practitioners, legal scholars a...