James J. Ohlig, Paul B. Haskel, Publications
Memorandum: LSTA Distressed Participation Agreement
February 22, 2008
On October 24, 2007, the LSTA issued a new standardized participation agreement for distressed trades ("DPA"), giving market participants an important new form document for settling distressed trades by participation. Below is a brief memorandum, written by our attorneys Paul B. Haskel and James J. Ohlig, discussing some of the more significant features and provisions of the DPA.
Download LSTA Participation Agreement for Distressed Trades - Transaction Specific Terms
Download LSTA Participation Agreement for Distressed Trades - Collateral Annex
