
Gilbert D. Porter
Partners
Haynes and Boone, LLP
New York, U.S.A.
WSG Leadership
ABA GroupARRC Releases Updated LIBOR Fallback Language for USD Syndicated Loans
Haynes and Boone, LLP, July 2020
Quick Overview The ARRC released an updated version of its recommended LIBOR fallback language for USD LIBOR syndicated loans on June 30, 2020. Among other updates, the updated fallback language recommends a “Hardwired Approach” to effect LIBOR replacement and removes the previous alternative recommendation for an “Amendment Approach...
New York Remote Notarization
Haynes and Boone, LLP, April 2020
In light of the social distancing orders put in place in response to the COVID-19 pandemic, Governor Andrew Cuomo signed Executive Order 202.7 on March 19, 2020 which authorized notary publics to notarize documents remotely. The initial order was in effect through April 18, 2020; however, Executive Order 202...
COVID-19 Negative Oil Prices and Force Majeure
Haynes and Boone, LLP, April 2020
The negative pricing for West Texas Intermediate oil (“WTI”) on Monday has raised alarm bells for many of our clients in the exploration and production and midstream industries. This article will clarify the issues for these companies and explain the forces at work that have created this situation. The root cause of the current dilemma arises from the dramatic drop in demand starting with the onset of the COVID-19 virus on the United States...
© Haynes and Boone, LLP, 2021