Miriam Karam
Overview
Miriam Karam is a counsel in the London office of Crowell & Moring. She specializes in distressed debt and claims trading, structured transactions, and special situations. Miriam advises investment banks, broker dealers, and other financial institutions, including hedge funds on the trading of domestic and international syndicated bank loans, debt instruments, and distressed assets, in particular, insolvency claims and post-reorganization equity.
Career & Education
- University of Westminster, London, LL.B., honours in law, 2005
- College of Law, London, Diploma in Legal Practice, 2006
- Solicitor, England and Wales
Professional Activities and Memberships
- Member, Loan Market Association (LMA)
- Member, Solicitors Regulatory Authority
- Member, 100 Women in Finance
Miriam'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.
Client Alert | 4 min read | 08.18.23
Change Is a Coming: The Financial Services and Markets Act 2023
Firm News | 8 min read | 01.03.22
Crowell & Moring Elects 13 New Partners, Promotes Seven to Senior Counsel, and 19 to Counsel
Firm News | 5 min read | 04.01.21
Insights
Miriam'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.
Client Alert | 4 min read | 08.18.23
Change Is a Coming: The Financial Services and Markets Act 2023
Firm News | 8 min read | 01.03.22
Crowell & Moring Elects 13 New Partners, Promotes Seven to Senior Counsel, and 19 to Counsel
Firm News | 5 min read | 04.01.21