The financing of legal actions by third parties has grown exponentially since the early 2000s and is now common across many common law and civil law jurisdictions. It is still in its infancy in Qatar, but the Qatar International Centre
FinTalk
FinTalk, published by Crowell & Moring LLP, focuses on legal developments and regulatory issues in financial services and related sectors. The blog covers topics such as management service organizations (MSOs) in law firms, third-party litigation funding and its regulatory frameworks in the US and UK, transparency and disclosure requirements for limited liability companies, and regulatory actions by financial authorities including FinCEN. It also addresses emerging areas like crypto-asset disputes and fintech regulatory challenges. The content includes analysis of legislative changes, compliance obligations, and enforcement actions affecting financial institutions, law firms, and investors.
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Optimum’s Shot Across the Bow: An Antitrust Challenge to Cooperation Agreements
Seeking to protect their investments in the face of increased liability management exercises, lenders began signing “cooperation agreements,” which required the lenders to cooperate when negotiating to restructure existing debt or provide new debt to their shared borrower. These cooperation…
Asset-Based Lending: At Times Covenant-Lite, but Not Control-Lite
Asset-based lending (ABL) and adjacent areas of asset-focused finance continually shift towards the center ground of mainstream corporate finance. Flexibility, underpinned by collateral-driven risk, is in demand. The market continues to diverge (in some instances, becoming even more finely-tuned to…
Governor’s Veto Limits Scope of New York LLC Transparency Act to Foreign LLCs Registered in New York
On December 19, 2025, New York Governor Kathy Hochul vetoed a bill that would have amended the New York LLC Transparency Act (“New York Act”) to include beneficial ownership information (“BOI”) reporting requirements for all non-U.S. and U.S. limited liability…
LSTA Proposes Introduction of Late Payment Fees in Loan Trade Transactions
In an effort to improve market efficiency and to speed settlement, the Loan Syndications and Trading Association (the “LSTA”) is proposing amendments to its trading documents in order to address concerns that market participants are increasingly failing to make timely…
Saks Global Enterprises Bankruptcy: What Creditors Need to Know Now
According to reports, Saks Global Enterprises, a leader in luxury retail, is preparing to file for Chapter 11 bankruptcy protection imminently. Saks houses such iconic brands as Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus. Despite a recent recapitalization, the…
Crowell’s Paul Pollock Quoted in Pensions & Investments Article on Private Equity
Paul Pollock was recently quoted in a Pensions & Investments article that covers the outlook for private equity firms in 2026 across deals, exits, and fundraising.
The article reads:
Even as deal activity improved in 2025, with nearly $900 billion…
FinCEN Announces Enforcement Initiative for MSBs Along the Southwest Border
Yesterday, FinCEN announced an ongoing enforcement initiative against more than 100 money services businesses (“MSBs”) operating along the Southwest U.S. border. FinCEN says that it reviewed over one million currency transaction reports (“CTRs”) and 87,000 suspicious activity reports (“SARs”) using…
Crowell’s Paul Haskel Quoted in American Lawyer Article on Law Firm Finance
Paul Haskel was recently quoted in an American Lawyer article that explores trends and new approaches in law firm finance. The article discusses various methods of funding utilized by law firms, including debt finance from traditional financial institutions and, more…
Paul Haskel and Paul Pollock Publish Article on MSOs in Bloomberg Law
The use of management service organizations (MSOs) in the law firm space is a new and expanding trend. While uncertainties whether MSOs comply with legal ethical rules remain, with only one decision from the Texas Commission on Professional Ethics touching…