Please refer to our latest publication Update to Silicon Valley Bank's current position and what it means for the most up-to-date guidance.
The team here at CMS has been saddened by the collapse of the Silicon Valley Banking Group this weekend. We understand the events of the last few days are likely to have significant ramifications for our clients, many of whom are businesses in the start‑up and tech sectors.
We have been monitoring the situation in depth. CMS’ commitment to the start-up and tech sectors across multiple areas of law, whether in securing emergency funding or tackling the complex regulatory questions that arise here, means we are well-placed to help parties impacted by the situation. This is a developing situation, with the government working on plans to lessen the impact on affected companies.
With so many inter-related elements and uncertainties, to help businesses through this, we’ve produced a detailed FAQ covering many of the topics directors may be thinking about in respect of their own companies. You can find this at the bottom of this page.
If you wish to discuss further, please contact your relationship partner in the first instance. Additionally, we’ve also set up a dedicated support email address svbhelp@cms-cmno.com for you to contact us if you need immediate assistance. We are also planning on hosting daily townhall calls this coming week – look out for the link in due course.
For those looking to secure short term lending to cover immediate cash-flow concerns, we have prepared short form loan documents. We will make these available at no charge to assist you with getting liquidity into your business. Additionally, we can provide you support with completing the documentation – please contact us if you would like to discuss this.
