Articles by author
The rise of anti-cooperation provisions in US credit documents
This article considers the emergence of “anti-cooperation” provisions in US credit documents. Anti-cooperation language is broader than an express ban on cooperation agreements and includes voting and concentration caps, disqualified counsel provisions and other tools designed to shape who may organise, advise and vote in anticipation of a liability management exercise. The market response has been mixed. Most formulations have met strong resistance in the broadly syndicated loan market, but narrower or more bespoke versions have begun to clear in edge cases. The result is a new documentation battleground centred on process control rather than only transaction mechanics.
4 MAY 2026Across the pond: practitioner’s guide to fortifying LMA forms for cross-Atlantic transactions
In this article, the authors provide contextual understanding of certain US provisions to supplement the Loan Market Association forms when representing lenders in transactions involving US-domiciled borrowers and/or US-domiciled credit support providers.
6 MAR 2025Across the pond and back again: what direct lenders should know before deploying historic dry powder
In this article, the authors compare the approaches US and European direct lenders take to certain deal terms and highlight market-specific trends.
1 MAR 2022Wall Street-led secondary trading of private credit loans: considerations for stakeholders
In this article, the authors explore the new trend of Wall Street bank-led secondary trading in private credit and certain considerations for market participants involved.
1 OCT 2023
