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regulation & legal

Investing in the debt of a company with a view to converting it to equity is a complex strategy that can be thwarted in numerous ways. Leonard Klingbaum and Milap Patel of Ropes & Gray explain why it is nonetheless gaining in popularity.
In Europe and North America, lenders can only dream of the tight documentation available in Asia-Pacific. We examine a divide which, in some ways, the pandemic has accentuated.
Retail funds for alternative assets, including private debt, have had some false dawns. The UK is launching a new version which it hopes will overcome the challenges and lure pension schemes. By Lora Froud and Gavin Haran of Macfarlanes.
The shift from LIBOR as a reference rate for many types of transaction may have been delayed, but that’s no excuse for a lack of preparation among private debt firms, say Jennifer Press and Aaron Read of Duff & Phelps.
The growing demand for private debt in Asia is prompting regulators to home in on credit funds.
Politics and red tape are preventing bailout funds from reaching the companies that need them most, reports Robin Blumenthal
The decision to cap the private lending rate may increase competition for quality borrowers and reduce interest margins and profitability, say analysts at Fitch Ratings.
As costs continue to be squeezed, and with government help set to be phased out, many businesses will need to take action to stay afloat in the months ahead. Jatinder Bains of Macfarlanes examines the pros and cons of the company voluntary arrangement.
The corporate default threshold has increased by 100 times to try and protect small businesses.
While the eyes of many are on loan documentation, Nicole Downer of MV Credit says the focus should be elsewhere, including fostering solid relationships with sponsors

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