Katten will present “Determining Value Under Repurchase Agreements in a Distressed Market,” the third in its Market Correction Curriculum webinar series, at 12:00 p.m. (ET) on Tuesday, May 26. Litigation special counsel Donncha O Tuama and associate Brian Muldrew will discuss challenges that market participants face in determining value under repurchase agreements in a distressed market, and considerations underlying decisions on whether and how to make margin calls and sell collateral. In particular, they will examine the requirements under the standard Master Repurchase Agreement that margin calls be based on “Market Value . . . obtained by a generally recognized source agreed to by the parties, that sales of collateral be made ‘in a recognized market (or otherwise in a commercially reasonable manner),’” and practical tips to avoid common pitfalls.
For more information, please contact Katten Webinar Support.