The First Brands matter has emerged as a significant case study in the evolving risk landscape of private credit. This webinar examines the factual backdrop of the alleged fraud, the breakdowns in collateral verification and monitoring, and the structural features of private lending that may allow misconduct to go undetected. Using First Brands as a focal point, the discussion will explore how reliance on borrower-reported data and bespoke credit structures can create blind spots in underwriting and ongoing oversight and increase risk of civil and criminal enforcement and litigation.
Speakers
Michael Bresnick, Partner, Venable LLP
Brian Mich, Partner, Control Risks