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On October 21, 2020, Sun Life Financial Group Inc. announced that it will acquire a majority stake in Crescent Capital Group LP. Under the terms of the agreement, Sun Life Financial Inc. ("Sun Life") will acquire a 51% stake in Crescent Capital Group LP ("Crescent"). The consideration for the transaction...

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I.  Introduction On October 23, 2020, the International Swaps and Derivatives Association, Inc. ("ISDA") published (1) the ISDA 2020 IBOR Fallbacks Protocol (the "Protocol") and (2) a supplement to the 2006 ISDA Definitions that adds new IBOR Fallbacks (the "Supplement"). The Protocol and the Supplement are scheduled to become effective on January 25, 2021.1 Collectively,...

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A commercial lender's favorite collateral is often a borrower's accounts receivable. This collateral is the building block of countless revolving lines of credit that provide borrowers with working capital and flexibility. Lenders prefer accounts receivable as collateral because it is similar to cash, unlike collateral that must be fed and...

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