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With the recent downgrades issued to several banks by Moody’s and S&P in August, as well as the recent banking turmoil which occurred earlier this year, and the flurry of assignment...
Subtly pivoting from the topic of collateral accounts, introduced in the August 25, 2023 Fund Finance Friday (“FFF”) article by Chad Stackhouse and Katie Clardy titled “Control or...
M. Chadwick Stackhouse is a Lawyer at Cadwalader. Stackhouse is a Fund Finance partner in Cadwalader’s Washington, D.C., office.
Sovereign immunity refers to the proposition that the government cannot be sued without its consent, or in other words, the King can do no wrong, which is a centuries-old, universally applicable doctrine codified in the Eleventh Amendment of the United States Constitution.
In this week’s Fund Finance Friday, we release the first installment of our Sovereign Immunity Series, a new series in which we examine, in alphabetical order, the sovereign immunity...