Secured Lender Review: 7 Cautionary Rules — Part II

Law360, New York (April 11, 2011, 3:03 PM EDT) -- In the recent past, the judiciary has issued a number of decisions which altered the restructuring landscape for all constituents, but particularly for secured lenders. Based on these decisions, we have formulated seven cautionary rules for secured lenders to consider. Part I of this article published on April 4, set forth Rules 1 through 4.

Part II of this article also provides practical guidance for secured lenders at the major stages of a transaction — from initial negotiation of the loan through restructuring and/or bankruptcy....
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