Shareholder passivity, executive compensation and the role of the media emerged as the topics to watch in the IBA session ‘Shareholder activism: how shareholders drive change and how boards and advisers respond’ on Wednesday November 2
Settlement in Del Monte’s closely-watched shareholder litigation does not mark the end of stapled finance or winning bidder finance, but US counsel predict market expectation to shift away from banks working both sides of deals
Leveraged loan covenants are showing banks’ hesitancy to finance all but the strongest of credits. More robust market flex terms and bigger equity checks have characterised deals coming to market during summer
The 298-page Volcker rule proposals released last week by four regulators poses 383 questions - more than most senior practitioners have ever seen in one rule
