Fraud in the Subscription Facility Market: Will Anything Change?

In this Ropes & Gray podcast, finance partner Patricia Lynch and counsel Patricia Teixeira discuss the recent fraud case involving JES Global Capital and its subscription facility. They provide their insights on the diligence banks conduct prior to putting subscription facilities in place, and whether or not we can expect any change in such procedures in light of the case discussed.

What is RopesTalk?

Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.