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.

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

The Seventh Circuit's decision inPaloian v. LaSalle Bank, N.A. (In re Doctors Hospital of Hyde Park Inc.) (“Paloian“), 619 F.3d 688 (7th Cir. 2010) sheds some new

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