Category: News

What is bad boy carve outs?

What Are “Bad-Boy Carve-Outs”? Most non-recourse loans include exceptions (or “carve-outs”) within the loan documents that result in full-recourse liabili...

What are TARGET2 balances?

TARGET2 (“Trans-European Automated Real-time Gross settlement Express Transfer system 2”) is a system that moves money from one bank to another, both with...