Shearman & Sterling Authors Acquisition Finance Chapter In Latin Lawyer’s The Guide To Mergers & Acquisitions

M&A activity in Latin America has grown significantly in recent decades, and deals are increasingly complex. As part of Latin Lawyer’s The Guide to Mergers & Acquisitions, partner Denise Grant, associates Augusto Ruiloba and Rita Ghanem, and former associate Lisseth Rincon have authored a chapter, “Acquisition Finance in Latin America” in which they discuss important considerations when structuring and financing an acquisition in the region. With local counsel and client input, they cover related trends, […]

By | September 1st, 2021 ||

FINRA Provides Guidance To Investors On SPAC Warrants

FINRA provided guidance to investors considering investments in special purpose acquisition companies (“SPACs”), which typically consist of a purchase of “units” that are comprised of shares and warrants. FINRA cautioned that the terms of the warrants of different SPACs vary significantly.

FINRA made the following suggestions to investors to help them understand the warrant redemption process:

Research the terms of a warrant’s redemption, considering that warrants may be of substantial value.
Find out the timeframe for exercising […]

By | August 30th, 2021 ||

FRB Releases Large Bank Capital Requirements

The Federal Reserve Board (“FRB”) released individual capital requirements for large banks. The requirements are meant to ensure that the large bank holding companies (“BHCs”) and U.S. intermediate holding companies (“IHCs”) with $100 billion or more in total consolidated assets will hold sufficient capital to ensure that they could survive a “severe recession,” and “still be able to lend” during that recession.

The FRB determined that the large bank capital requirements will include (i) a minimum capital requirement of […]

By | August 30th, 2021 ||