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When Assets Are 'Sold' to Special Purpose Entities

The Seventh Circuit's decision in <i>Paloian v. LaSalle Bank, N.A. (In re Doctors Hospital of Hyde Park Inc.)</i> sheds some new and perhaps disturbing light on the use of special purpose entity structures in corporate finance and also has implications for attorneys who deliver opinions to support transactions involving SPEs.

15 minute read May 27, 2011 at 09:31 AM
By
Aaron R. Cahn, James Gadsden And Bryan J. Hall
When Assets Are 'Sold' to Special Purpose Entities

The Seventh Circuit's decision in Paloian v. LaSalle Bank, N.A. (In re Doctors Hospital of Hyde Park Inc.) (“Paloian

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