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New York Law Journal

About That Hedge: How Borrowers and Lenders Have Gotten Creative With Hedging Commercial Real Estate Loans in a Heightened Interest Rate Environment

"While real estate publications and practitioners have written ad nauseam about the impacts of high interest rates on the commercial real estate industry, this article focuses specifically on how borrowers and lenders have gotten creative in negotiating and structuring interest rate hedges (namely interest rate caps), or avoiding them altogether."
6 minute read

Corporate Counsel

Future Proofing Your Contracts for DORA

The EU wants to bring a harmonious, standards-based approach to regulating how financial businesses monitor resilience and avoid ICT-related risks. Up until now, cloudy guidance on how this can be achieved creates further risk. Enter DORA with its intentions to provide clarity to financial entities. This includes expanded requirements that must be incorporated into contracts between financial entities and ICT third-party providers.
7 minute read

National Law Journal

Gibson Dunn Files RICO Civil Lawsuit Against Overseas Ex-Banker With US Ties

The Central American Bank for Economic Integration alleges its former president Dante Mossi violated the federal Racketeer Influenced and Corrupt Organizations Act through an "unlawful and corrupt crusade against CABEI," according to the lawsuit Gibson Dunn filed on behalf of the international regional bank.
3 minute read

Corporate Counsel

Longtime GC of Nation's Sixth-Largest Bank to Retire

PNC Financial's Gregory Jordan is retiring as legal chief but will stay with the bank as vice chair, a role that will focus on advising the CEO and board.
2 minute read

Corporate Counsel

Hope Mehlman Is Leaving Discover for Nation's Biggest All-Digital Bank

Discover revealed late Friday that Mehlman was departing for a new job but didn't say what it was. A North Carolina company with a long history but a disruptive culture resolved that mystery Monday.
3 minute read

Corporate Counsel

Discover CLO Hope Mehlman Slows Down Exit in Exchange for Millions

Discover agreed to let Mehlman, who joined Discover in January 2023, keep her entire $3.4 million signing bonus and to pay her as much as $1 million more to stay aboard until Nov. 29.
6 minute read

Daily Business Review

McGlinchey Opens Third Florida Office in Tampa, Hopes to Tap Region's Talent

"Tampa is a large, growing market that offers a broader range of practice areas that complement what we do across our footprint, but have not been doing in Florida," said Will Grimsley, managing member of the new office.
2 minute read

The Recorder

Buy-Now-Pay-Later Company Affirm Hit With Data Breach Class Action After Cyberattack on Banking Partner

According to the suit, Evolve confirmed on June 25 that it had been breached by a "known cybercriminal organization" that published its clients' data on the dark web.
4 minute read

Litigation Daily

Litigators of the Week: Second Circuit Tells Argentina to Turn Over More Than $300M to Bondholders

The Second Circuit held that certain funds weren't protected by the Foreign Sovereign Immunities Act, handing a win to investors represented by Dennis Hranitzky, John Bash and Alex Loomis of Quinn Emanuel.
7 minute read

National Law Journal

Supreme Court Leaves Order Blocking Biden's Latest Debt Plan

In a break from the Supreme Court's standard one-line orders, the court said that it "expects that the Court of Appeals will render its decision with appropriate dispatch."
4 minute read

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