Law360, New York: The Third Circuit concluded on 3 January 2018 that a Delaware subsidiary of Venezuela's national oil company could not be sued by Canadian gold producer Crystallex International Corp. for allegedly orchestrating fraudulent transfers so Venezuela could avoid paying a $US 1.39 billion arbitration award from an International Centre for Settlement of Investment Disputes (ICSID) tribunal.
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This Practice Note discusses Term Loan B (TLB) facilities which frequently appear as a tranche of senior facilities in syndicated loans in leveraged financings. TLBs are an established feature in the US market and increasingly used in the European lending market for institutional investors.This
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