California—Cross-border banking and finance guide
Produced in partnership with Pamela J Martinson of Sidley Austin LLP
California—Cross-border banking and finance guide

The following Banking & Finance practice note produced in partnership with Pamela J Martinson of Sidley Austin LLP provides comprehensive and up to date legal information covering:

  • California—Cross-border banking and finance guide
  • Loan market and developments
  • Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.
  • Please provide a brief overview of forthcoming changes to the law or other matters that may affect the loan markets or the responses to the questions below.
  • Lending
  • Is it necessary to obtain any consents or licenses in order to lend in your jurisdiction or enforce rights under a loan agreement and if so what is the process for obtaining the consent or license? Are there any other restrictions on lending that foreign lenders should be aware of?
  • Are there any taxes, duties or other charges associated with making loans to entities that are incorporated in your jurisdiction?
  • Are there any restrictions, controls, fees, taxes or charges on foreign exchange in your jurisdiction?
  • How is debt normally transferred in your jurisdiction?
  • Security and guarantees
  • More...

The scope of this guide is limited to commercial transactions. Although reasonable steps have been taken to ensure that the information contained in this guide is accurate, there is no representation, warranty, or guarantee that the information is correct, complete, or that the applicable laws have not changed since the original date of publication. This is a guide only and is intended to be in the nature of a survey. It does not constitute the rendering of legal or other professional advice and it should not be relied upon in a specific transaction. No formation of an attorney-client relationship is intended to result by virtue of providing the information contained herein. If you are working on a specific matter or require legal advice or other professional assistance, you should seek the services of a competent legal professional.

Loan market and developments

Please provide a brief overview of the current state of the loan markets in your jurisdiction and any significant recent market developments.

The California loan market is not readily separable from the US lending market as a whole. Industry segments include some concentration in technology and entertainment, but also retail, manufacturing and real estate. According to the Loan Syndications and Trading Association (LSTA), although the US primary loan markets were strong for the first half of 2018, syndicated lending declined significantly during the latter part of

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