On December 9, 2025, Davis Polk partner Adam Shpeen will be among the speakers at 9fin’s “The art of the LME: Defining trends in 2025, and looking ahead to what’s next” webinar. Topics discussed will include pro rata versus non pro rata structures and how issuer-friendly approaches tipped the scales while lenders mounted their defense, tiered participation and cooperation agreements that defined creditor treatment structures throughout 2025, antitrust litigation in lender co-ops, early process NDAs and how information asymmetry is being weaponized before deals even go live.

For more information, please visit the event website. 

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