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O’Melveny Contributes to White Paper on Section 316(b) of the Trust Indenture Act of 1939

April 25, 2016

O’Melveny & Myers LLP has joined together with 28 other law firms to develop an opinion white paper that provides guidance to practitioners in their consideration of the application of the recent Marblegate and Caesars Entertainment decisions relating to Section 316(b) of the Trust Indenture Act of 1939. The white paper presents a set of general principles that can guide opinion givers until such time as the interpretive questions raised by these recent decisions are resolved through future judicial decisions and/or legislative actions.

The White Paper can be found here.


This memorandum is a summary for general information and discussion only and may be considered an advertisement for certain purposes. It is not a full analysis of the matters presented, may not be relied upon as legal advice, and does not purport to represent the views of our clients or the Firm. Michael Schiavone, an O'Melveny partner licensed to practice law in New York, and Daniel O'Shea, an O'Melveny partner licensed to practice law in Massachusetts and New York, contributed to the content of this newsletter. The views expressed in this newsletter are the views of the authors except as otherwise noted.

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