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Surprising Way Adults are Embracing Potty Training Potties!

Surprising Way Adults are Embracing Potty Training Potties!
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Marc Lafleur to Speak at Bridges to Better Business

Marc Lafleur to Speak at Bridges to Better Business
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South Korea's Minister of Tourism View on Tourism after COVID-19

South Korea's Minister of Tourism View on Tourism after COVID-19
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Payments - Problems and Practical Solutions | Sullivan & Worcester

[co-author: Raghav Vohora]
Following on from our recent coverage of the Revlon loan dispute[1], we briefly consider the nature of payments, as well as the consequences of making an erroneous or late payment. We also address the ways in which parties risk payments being diluted by virtue of forces beyond their control or as a result of common contractual provisions.
What constitutes a payment?
While parties generally understand payment to refer to the transfer of money from one party to another to denote the performance or discharge of an obligation to pay, in most instances, payment does not actually involve a physical cash transfer. The reality is that, in most major economies, the exchange of notes and coins comprise just a tiny fraction of the payments made on a day-to-day basis. Instead, large-scale payments typically involve the exchange of credit claims/commitments between commercial banks. ....

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What Happens if You Make a Payment in Error? – The LMA Responds to the Revlon Loan Dispute | Sullivan & Worcester

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Few cases in recent memory have stirred up as much concern and controversy in the syndicated loan market on both sides of the Atlantic as the
Revlon case.[1] The ruling of the New York federal court in
Revlon was that the recipients of erroneous wire transfers made by Citibank N.A. (
Citibank), acting in its capacity as administrative agent for a syndicated loan facility made available to Revlon, Inc., were entitled to keep almost $500 million of Citibank’s own money. This was notwithstanding the fact that Citibank had only intended to transfer $7.8 million in interest payments and not the $900 million or so that was actually transferred by mistake. Indeed, had it not been for some of the recipients returning the mistaken payment they received, Citibank’s losses could have been even more significant. ....

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