Communicating Intent in Trading Documentation: Lessons from Stonehill
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Communicating Intent in Trading Documentation: Lessons from Stonehill
By Stephen Rutenberg, Shareholder, Polsinelli P.C.
An important decision related to the trading of bank loans was issued recently by New York State’s highest court. To the relief of the loan trading market, the decision reaffirms market practice surrounding the formation of binding obligations to close a trade.
In Stonehill Capital...
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Stephen Rutenberg is a shareholder in the Capital Markets/Commercial Lending group at Polsinelli P.C. His practice focuses on domestic and European distressed and par loan transactions, accounts receivable, trade claims, and bank debt. He holds a law degree from the University of Pennsylvania School of Law and a certificate in policy and management from the Wharton School.
