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Our lawyers have in-depth technical and commercial knowledge of all fund finance products, including traditional capital call/subscription credit facilities; NAV-based
Bristol: Recently, Supreme Court ordered the liquidation of Jet Airways, after finding that NCLAT had disregarded its January 2023 judgment by allowing the adjustment of a ₹150 cr performance bank guarantee (PBG) against the ₹350 cr infusion requirement from the Jalan-Kalrock Consortium (JKC), the airline’s resolution applicant.
The top court’s decision could affect creditors, including major banks, potentially leaving them with shortfalls as the remaining asset value is unlikely to fully cover the debt. This is disappointing after 5-yr-long efforts to revive Jet and recover funds, which included approved resolutions and failed payment agreements.
NCLAT is not without blame, as it ignored the top court’s order. Its decision was…
Our lawyers have in-depth technical and commercial knowledge of all fund finance products, including traditional capital call/subscription credit facilities; NAV-based facilities; hybrid facilities; HNW facilities; co-investment facilities; GP and management fee line (manco) structures; leveraged asset level, secondary and continuation facilities; and equity commitment transactions.
We also have extensive experience advising on private CLOs and securitization structures, as well as derivative products such as capital relief trades and SRTs, which can be used to optimize fund leverage, liquidity and risk management.
Integrated fund finance practice with global and local expertise
The global nature of our team is a key asset to our…
As the holiday shopping season kicks into high gear, a recent NerdWallet survey shows more than a quarter of Americans are still paying off presents they bought last year.
It comes as credit card debt levels have reached record highs, according to the latest household debt report from the Federal Reserve Bank of New York. Americans now hold a staggering $1.17 trillion in credit card debt.
Holding that debt is now more expensive than ever, too, with average interest rates hovering around 23%.
But if you’re looking for help paying it off, financial experts warn some relief offers could wind up costing you even more if you’re not careful.
Kim Rogers with ClariFi, a Philadelphia nonprofit that provides money management and credit…
ALMOST every 18-year-old has made some bad financial decisions, but one man has revealed his has left him drowning in debt years later.
Now 21, Nolan from Orlando Florida, explained that he feels hopeless after living from paycheck to paycheck for so long.
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One of the money pros gave the 21-year-old some much needed adviceCredit: The Ramsey Show
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The remaining payments were more than the truck was worthCredit: The Ramsey Show
“I feel like I’m swallowed in the truck payments, I can’t breathe,” he told co-hosts of The Ramsey Show George Kamel and and Jade Warshaw.
“I want to be able to rent an apartment and then get to the buying a house stage and I feel like I’m running out of time, and I have so much debt and not enough money,” Nolan…
Even the power of Marie Kondo may not be enough to save the Container Store.
In 2019 and 2020, the Container Store got a big boost from “Tidying Up,” the hit Netflix show from the home de-cluttering evangelist. Customers rushed into stores to buy storage bins, pantry and drawer organizers, shelves and other goods to organize the junk in their homes, helping drive up the company’s sales. The Container Store in 2021 launched a partnership with Kondo to design exclusive products for the chain.
“When ‘Tidying Up’ premiered in 2019 and consumers immediately connected decluttering and organization…
