“Green bonds”[1] have seen a steady increase in recent years, with over $500 billion in green bonds issued in 2022. However, there is some debate over whether all of these bonds were issued for activities that were in fact “green”.
To prevent “greenwashing”,[2] the EU Commission proposed a new regulation that creates standards
The Dutch Scheme allows tenants to restructure their debt, including outstanding rent, outside of formal insolvency proceedings under a court-approved restructuring plan. A tenant may also propose amendments to, inter alia, lease agreements. In the event the landlord does not agree to the proposed amendment, the tenant may unilaterally terminate the lease agreement provided
Unpredictable market conditions require innovative solutions to tackle business challenges. Although the real estate industry is fast-paced and global, it is a small world all the same. Due to the current economic climate, parties that have collaborated amicably and successfully for decades may suddenly be faced with issues that put pressure on their relationship and
Tracking the financial covenants in loan documents is a key priority for borrowers in a bear market.
Breach of a financial covenant ultimately may lead to acceleration of the outstanding loan(s). The more likely scenario, however, at least in the short term, is a cash trap (when rent income, which would otherwise have been available