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COVID-19 Financial Services update: perfection by control
Our prior Financial Services Updates have focused on proactive and defensive measures that both lenders and borrowers can take in light of the economic hardships brought on by the COVID-19 pandemic. This week we focus on a practical consideration that borrowers are encountering in connection with financing transactions: the inability to deliver original share certificates on closing, and the implications this has on borrower’s counsel to provide a perfection by control opinion to the lender.
Read the full update
here
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