The limits of NY law loan participations

• Autores: Patrick Clancy, Steven Sherman, Bjorn Bjerke
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 35, Nº. 13 (4/4/2016), 2016
• Idioma: inglés
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• Resumen

  • The article discusses limitations in the application of New York law participation agreements to English law loan transactions. Topics explored include the contractual claim received by a purchaser in a loan transaction under the English law participation agreement, the involvement of a bankruptcy court in determining transfer of property under the New York law-governed loan deal, and the statutory authority of the U.S. Federal Deposit Insurance Corporation (FDIC) over loan participation deals.