News & Analysis as of

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Jackson Lewis P.C.

Assembly Bill 692: California Passes Prohibition Against Workers Contracting to Repay Debts

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Governor Newsom has signed Assembly Bill (AB) 692, which adds Section 16608 to the Business and Professions Code and Section 926 to the Labor Code, making it unlawful to include in any employment contract or require a worker...more

Epstein Becker & Green

California Bill Would Proscribe Agreements Requiring Employees to Repay Certain Debts to Employers When Leaving Employment

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California has long had the nation’s most stringent laws against restrictive covenants. On September 15, 2025, the California legislature increased the potential scope of those laws, and whether by intention or mistake, set...more

Blank Rome LLP

The Cannabis Industry’s $6 Billion Debt Wall

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A debt avalanche is bearing down on the U.S. cannabis market to the tune of roughly six billion dollars coming due by the end of 2026, with the top five borrowers—each a multi-state operator (“MSO”)—accounting for about $3.4...more

White & Case LLP

Private Capital: Spurring Europe’s M&A Revival

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As European M&A activity begins to recover after a down cycle, private capital—now a cornerstone of the continent’s deal market—will be a key driver of its return - During the last fifteen years, European private capital has...more

Cadwalader, Wickersham & Taft LLP

FFFall Season, New Strategies, September 2025 - Acquisition Financing Techniques in the Fund Finance Context

Over the past few years, the fund finance market has seen net asset value (NAV) financing grow alongside more established “subscription line” facilities, to become an established part of the fund financing toolkit and an...more

McDermott Will & Schulte

Credit Conditions - Q3 2025

Welcome to this edition of Credit Conditions, a quarterly publication from McDermott Will & Schulte that analyzes recent debt market trends. The third quarter of 2025 saw momentum return to the market with M&A deals...more

White & Case LLP

Sector Trends - September 2025: Specialty Finance / Marketplace Lending - UK & European Financial Services M&A: Sector Trends H2...

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Complexity of deal-making has materially increased in the last 12 months. Debt, in the form of warehouses, revolvers and notes, often plays a pivotal role even in "vanilla" deals....more

Proskauer Rose LLP

Private Credit Deep Dives – Dodgy accounting or financial covenant breach (Europe)?

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Over the past year, we have observed a marked increase in Events of Default (“EoDs”) arising from financial underperformance in the European mid-market. This trend is largely attributable to the prevailing high interest rate...more

Haynes Boone

The Importance of Fairness: Legal Lessons from Petrofac for Shipping and Energy Company Restructurings

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The English Court of Appeal (COA) in Re Petrofac Limited & Petrofac International (UAE) LLC [2025] EWCA Civ 821 ruled on one of the most significant restructuring rulings since Virgin Active and Thames Water.  Petrofac, an...more

Herbert Smith Freehills Kramer

Decoding Tokenisation: Taking Security in Australia Over Digital Tokens

In the expanding digital economy, tokenisation is set to transform how we interact with assets by creating digital representations of real-world assets on distributed ledgers. This promises to enhance efficiency, transparency...more

Foster Garvey PC

A Journey Through Subchapter S / A Review of The Not So Obvious & The Many Traps That Exist For The Unwary: Part XVII – A Brief...

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I have feverishly been reporting about provisions of the One Big Beautiful Bill Act and have left my multi-part series on Subchapter S adrift at sea. Accordingly, I want to sneak in one more article in this Subchapter S...more

Pillsbury - Propel

Are SAFEs Dangerous?

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SAFEs can be a powerful fundraising tool—but they also carry real risks to existing equity holders. For founders, the danger lies not in the document itself, but in misunderstanding its terms and consequences. ...more

Offit Kurman

Who Controls the Money Doesn’t Control the Divorce

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It’s very common in a marriage for one spouse to earn most of the income or handle all the financial decisions. But when divorce happens, the spouse who hasn’t managed the money often feels anxious or powerless. The good news...more

Blake, Cassels & Graydon LLP

Projets de conversion de dette pour la nature : Nouvelles normes de pratique à adhésion volontaire

Information générale En juin 2025, un groupe d’organismes de conservation, présidé par The Nature Conservancy, a publié de nouvelles normes de pratique à adhésion volontaire pour les projets de conversion de dette, intitulé...more

McGlinchey Stafford

Southern District of New York Finds No Private Right of Action for Improper Reporting Under the FCRA

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The Southern District of New York dismissed an action under the Fair Credit Reporting Act (FCRA), finding that there was no private right of action under section 1681s-2(a) for purportedly inaccurate reporting by a furnisher....more

Offit Kurman

Deal Flow Thawing: Is the M&A Market Finally Finding Its Footing?

Offit Kurman on

After a rocky past six months, there is cautious optimism that merger and acquisition (M&A) activity is beginning to unfreeze. For much of the past year, there have been mismatched expectations around valuations and limited...more

White & Case LLP

High yield markets close first half of 2025 on a high

White & Case LLP on

Although high yield bond markets in the US and Europe recorded small year-on-year declines in issuance in H1, high levels of activity in Q2 bode well for the rest of the year - After a slow start to the year beset by a...more

Jones Day

Civil Justice Council Publishes Report on Civil Enforcement

Jones Day on

The Civil Justice Council ("CJC") has issued a new report calling for an overhaul of the enforcement regime in England & Wales....more

Brownstein Hyatt Farber Schreck

New Era in Higher Education: Key OBBBA Changes and the Trump Administration’s Policy Shift

On July 4, President Trump signed the landmark One Big Beautiful Bill Act (H.R.1, OBBBA) into law, ushering in a sweeping set of higher education reforms. The final bill introduces a new student loan repayment...more

Greenberg Glusker LLP

Wolfspeed’s Bankruptcy: What’s Ahead for the Chipmaker

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On June 30, 2025, Wolfspeed, Inc.— a key player in the semiconductor and power device manufacturing space — filed for Chapter 11 bankruptcy. While the semiconductor sector has generally seen growth, Wolfspeed’s strategic...more

Ballard Spahr LLP

FTC takes action against Accelerated Debt for running a debt relief scam

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An ex parte temporary restraining order has been issued against the participants in a debt relief services scheme that allegedly targeted seniors, including veterans, using a variety of deceptive practices, including falsely...more

Lathrop GPM

Utah Bankruptcy Court Applies “Freeze Rule” to Preserve Secured Creditor’s Lien Priority When Financing Statement Lapses...

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Pursuant to Uniform Commercial Code (UCC) § 9-515(c), a UCC-1 financing statement filed to perfect a secured party’s lien on personal property collateral lapses five years from the filing date unless the secured creditor...more

J.S. Held

The Enforceability of Sovereign Awards from the Perspective of an Asset Tracer

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When award creditors for investor-state arbitrations think of an asset tracer’s arsenal of tools for enforcement of their awards, they may immediately think of chasing assets held by the state such as high-value properties, a...more

Troutman Pepper Locke

FTC Obtains Order Against Accelerated Debt for Allegedly Deceptive Practices Targeting Elderly and Veterans

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On July 14, the Federal Trade Commission (FTC) secured a court order aimed at halting allegedly deceptive practices against seven companies and three individuals operating the “Accelerated Debt” program. The defendants...more

Seward & Kissel LLP

Merits Your Attention and Real GENIUS

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Pro bull riding league files objection of Dr. Phil’s media bankruptcy saying it is owed $181 million | The Independent - The Professional Bull Riders—the largest bull-riding league in the world, which had pulled out of a...more

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