Chiesa, Shahinian & Giantomasi offices in West Orange, NJ. Courtesy photo Banking and Financial Firm of the Year Finalist: CSG Law
The New Jersey Law Journal will honor attorneys and legal professionals at an awards ceremony later this fall.
October 24, 2024 at 12:00 PM
2 minute read
There was significant inflation in 2023. How did that affect banking and financial practices?
Rosh Jaffe, member of the firm's Banking & Finance Team: "One of the adverse consequences of rising inflation was an extreme and rapid rise in the interest environment which had a stressful effect on financial transactions that resulted in a strain on a significant number of lending transactions that closed in a lower interest rate environment. The effect of which required a strenuous exercise in restructuring lending transactions to avoid a significant number of loan defaults."
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