The 2024 edition of ILTACON , the premier educational and networking event for the legal technology sector, wrapped up in Nashville on August 15 th and attendees returned to their offices around the world...
LexisNexis, a leading provider of legal, corporate, government and academic data solutions, has been named the Best Overall AI Company at the prestigious 2024 AI Breakthrough Awards . This marquee honor...
A new research paper published by Stanford University's Center for Human-Centered Artificial Intelligence (HAI) , which is based on results from an independent empirical evaluation of AI-driven legal...
Legal professionals who attend Legalweek 2024 will have the opportunity to be equipped with insights that go beyond the AI hype and help them to identify specific action items for capitalizing on the benefits...
It’s no secret that the legal services industry is a highly competitive marketplace in which providers of content and software solutions try to put the best spin on the quality of their respective...
The novel coronavirus (COVID-19) has battered global markets as many industries grapple with weaker demand and an uncertain outlook. In turn, borrowers and lenders may find themselves navigating credit documentation that did not anticipate such a drastic downturn, leaving forecasted cash flow (which lenders counted on for repayment) lower than the reality. While credit documentation may not specifically address a global outbreak, it will put pressure on certain provisions of a credit agreement. For example, a borrower with lower EBITDA may have unexpected difficulty paying back its loan or complying with financial covenants, which in turn will have borrowers and lenders poring over the events of default (and whether “force majeure” is applicable) and amendments, waivers, and consents sections of their agreements. Those borrowers with revolving facilities may also question whether they can bring down their “material adverse change” representation and warranty. Banks themselves must address these issues not only as lenders but as employers and regulated industries, which carry additional challenges (such as compliance with or changes to risk management policies and reporting obligations to regulators). The client alerts and related content below discuss these issues in detail.