Companies are facing more and more legal disputes and as a result, are increasing the size of their legal departments while focusing on a variety of alternative means of dealing with potential litigation, according to AlixPartners' Litigation and Corporate Compliance Survey.¹ As such lawsuits grow more costly and more complex, companies have begun to reassess their compliance programs and implement new tools and processes that can reduce litigation-related risks. Litigation—and Costs—on the Rise Amid tighter regulations and more and more regulatory...

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For the third time in the last four months, the Trepp CMBS delinquency rate fell significantly. The rate dropped 17 basis points last month, bringing the delinquency rate for US commercial real estate loans in CMBS to 8.48% in July. This improvement comes on the heels of a 42-basis-point drop in June and a 47-basis-point plunge in April. Only a four-basis-point increase in May interrupted the recent gains in the delinquency picture. The Trepp delinquency rate is now 123 basis...

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Second Highest Monthly Volume; Loss Severity Falls After a spike in loss severity last month, July saw a big jump in liquidated CMBS loan volume and a concurrent drop in loss severity. July brought the second highest liquidation volume since TreppWire started tracking the number in January of 2010. July liquidations totaled $2.05 billion, relative to the 12-month moving average of $1.35 billion. The highest monthly liquidated volume was in November 2011 with $2.10 billion in liquidated loans. While November 2011...

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On July 18, 2013, the Securities and Exchange Commission (SEC) entered into a memorandum of understanding (MOU) with various member states of the European Union (EU) and European Economic Area (EEA) formalizing an agreement that facilitates the sharing of information and other assistance between the regulators in relation to private fund managers with operations that are subject to oversight in the United States and in one of the European jurisdictions. The SEC and the European Securities and Markets Authority (ESMA),...

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EACCNY member, NautaDutilh Brussels office published its first report on expectations in the Belgian private equity and venture capital sector. In addition to charting market expectations, the report highlights a number of specificities of the Belgian market, such as the importance of the life sciences and energy sectors, distressed M&A, and family businesses. A total of 57 respondents, including private equity and venture capital professionals, bankers, corporate finance advisors, and university professors, completed our online survey and provided valuable feedback. The...

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