By Vittorio Lavioso and Alexandre Burtonboy Initially posted on the BSPEC blog Disclaimer: the purpose of this article is to provide the reader with a basic framework to understand what a LPA is and how it works. This article is in no way to be considered as a legal opinion on the

Commercial law is a required course in most undergraduate programs and important in practically every line of work associated with finance. In investment banking, legal contracts are everywhere from pitch book disclaimers to purchase and sale agreements (PSA). In debt capital markets, leveraged finance and restructuring, law is the basis