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You've been comfortably existing as a privately held commercial leasing company for years. You routinely cover your interest-rate exposure on your funding debt by entering into interest-rate swaps in modest amounts. You've been doing this for some time, no big deal. This year your bank or broker sends you a ton of documents and asks you to sign umpteen pages of gobbledy-gook, telling you that you might be a “highly leveraged financial entity,” which might make you a “major swap participant,” which requires your bank to follow certain procedures, and may require you to do certain things. To which you say, “what just happened?”
Why Now?
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.