Is shylocking legal?

Could you please clarify for me, is shylocking considered legal in the eyes of the law? I've heard conflicting opinions on the matter and I'm eager to gain a better understanding of the legal implications surrounding this practice. As someone interested in finance and the intricacies of the legal system, I'm curious to know if there are any specific regulations or legal frameworks that govern shylocking and whether it falls within the bounds of acceptable financial practices. Thank you in advance for your insights.