State of Delaware—cross border banking and finance guide
Produced in partnership with Potter Anderson & Corroon
State of Delaware—cross border banking and finance guide

The following Banking & Finance practice note produced in partnership with Potter Anderson & Corroon provides comprehensive and up to date legal information covering:

  • State of Delaware—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...

State of Delaware—cross border banking and finance guide

The statements in this guide are limited to the laws of the State of Delaware and are subject to applicable federal laws of the United States of America (including federal bankruptcy law), some of which are noted herein. This guide does not purport to be comprehensive and is designed to provide information in regard to the subject matter covered. This guide does not constitute the rendering of legal or other professional advice or services. If legal advice or other professional assistance is required, the services of a competent professional should be sought.

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.

With the passage of time since the credit crisis, the loan market in Delaware has been in dramatically better shape than it was five to seven years ago. With the loan market tied to the economy, and economic expansion continuing to increase at a steady rate, lending demand and loan growth have been robust and aggressive. While many businesses have deleveraged and 'right sized' in the recent past, loan customers have been taking advantage of the lower rates and growing economy and looking at expansion opportunities and investments. Access to capital has remained solid for stable borrowers. As a result, senior

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