Carl Winkworth, Louisa Watt, Publications
LMA Sub-Participation Agreements and Grantor Insolvency
September 18, 2008
This memorandum, of interest to participants in the European and Asian secondary bank loan markets, provides a timely overview of the issues facing a sub-participant under a Loan Market Association ("LMA") English-law governed sub-participation agreement when the creditworthiness of the grantor deteriorates.
