Shearman Logo

balance scale

Feb 15, 2013

Non-Fungible Fungibilities: Maximizing Liquidity of Loans Through Tax Fungibility

Subscribe

Jump to...

 
Joshua Thompson, New York-based deputy head of Shearman & Sterling’s Finance Group, co-wrote an article with Daniel Duval, General Counsel of Jefferies Finance, titled “Non-Fungible Fungibilities: Maximizing Liquidity of Loans Through Tax Fungibility.” The article, published in the January 30, 2013 Bloomberg BNA Daily Tax Report, addresses the determination of tax fungibility, including with respect to reopenings within six months, reopenings with de minimis original issue discount and reopenings at the same or lower yield. The article also addresses commonly used and potentially misleading definitions of fungibility such as documentation fungibility and trading fungibility.

View full article, "Non-Fungible Fungibilities: Maximizing Liquidity of Loans Through Tax Fungibility"

Authors and Contributors

Joshua Thompson

Partner

Finance

+1 212 848 8703

+1 212 848 8703

New York