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Commercial Law - Product Update
5/22/2008 2:49:44 PM EST
UCC, Commercial Contracts & Business LC Staff
Commercial Loan Documentation Guide, Latest Update

Highlights of the latest update include:

 

  • Discussion in Chapter 4, “ESOP Loans and Loan Documentation,” of the effect of the Pension Protection Act of 2006 on diversification requirements. Also discussed is the litigation in Benefits Committee of Saint-Gobain Corp. v. Key Trust Co. , pertaining to the matter of loan collateral.  
  • In-depth analysis of Waelder Oil & Gas, Inc. v. Southwestern Glass Co., Inc. (In re Southwestern Glass Co., Inc.), which addresses the topic of garnishment, has been added to Chapter 12, “Basic Provisions: Events of Default and Remedies.”  
  • The effects of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 are now discussed in Chapter 21, “Bankruptcy: The Essentials.”  

Commercial Loan Documentation Guide  

Commercial Loan Documentation Guide on lexis.com 

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