Emilie Condie
Overview
Emilie Condie is an associate in the London office of Crowell & Moring. She specializes in distressed debt and claims trading and lending transactions. Emilie represents investment banks, broker-dealers, hedge funds, and other financial institutions on their purchase and sale of domestic and international par and distressed loans, bonds, and other debt and equity instruments, with a particular focus in French transactions.
Career & Education
- University of York, B.A., 2010
- The College of Law, York, Graduate Diploma in Law, 2011
- The College of Law, York, LPC, 2010
- England and Wales
Professional Activities and Memberships
- Member, Loan Market Association (LMA)
- French
Emilie's Insights
Client Alert | 11 min read | 07.22.24
In the ever-evolving landscape of English law credit agreements in the European leveraged loan market, the dynamics of lending have undergone significant transformations in the last few years. One issue that has gained prominence is the increase in limits on the ability of lenders to transfer their loans and the associated restrictions imposed on potential new lenders. European syndicated loan agreements have historically included a standardised and expected set of transfer restrictions applicable to prospective lenders, reflective of the market guidance and templates issued by the Loan Market Association (“LMA”). Certainty of terms and the capability of an existing lender to sell out of a loan position have been the hallmark (and expectation) of the LMA loan market. However, trends in the drafting of credit agreements have contained a concerning increase in limitations on loan liquidity. As a result, many lenders are finding it difficult to sell their distressed loans. This article explores these trends, as well as their implications on the secondary loan trading market.
Firm News | 2 min read | 05.30.24
Crowell & Moring Honors Recipients of 25th Annual George Bailey Public Service Awards
Firm News | 5 min read | 04.01.21
Client Alert | 5 min read | 05.01.20
The Loan Settlement Waterfall And Why "Legal Transfer/Assignment Only" Can Be Misleading
Insights
Emilie's Insights
Client Alert | 11 min read | 07.22.24
In the ever-evolving landscape of English law credit agreements in the European leveraged loan market, the dynamics of lending have undergone significant transformations in the last few years. One issue that has gained prominence is the increase in limits on the ability of lenders to transfer their loans and the associated restrictions imposed on potential new lenders. European syndicated loan agreements have historically included a standardised and expected set of transfer restrictions applicable to prospective lenders, reflective of the market guidance and templates issued by the Loan Market Association (“LMA”). Certainty of terms and the capability of an existing lender to sell out of a loan position have been the hallmark (and expectation) of the LMA loan market. However, trends in the drafting of credit agreements have contained a concerning increase in limitations on loan liquidity. As a result, many lenders are finding it difficult to sell their distressed loans. This article explores these trends, as well as their implications on the secondary loan trading market.
Firm News | 2 min read | 05.30.24
Crowell & Moring Honors Recipients of 25th Annual George Bailey Public Service Awards
Firm News | 5 min read | 04.01.21
Client Alert | 5 min read | 05.01.20
The Loan Settlement Waterfall And Why "Legal Transfer/Assignment Only" Can Be Misleading