Resumen de The limits of NY law loan participations

Patrick Clancy, Steven Sherman, Bjorn Bjerke

• 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.