May 17, 2022

Cayman Islands: US Bankruptcy Court upholds industry view of CDOs / CLOs

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By John Dykstra¬†and¬†Nick Herrod Maples Group From Mondaq The US Bankruptcy Court (the “Court“) has handed down an important decision which reflects the industry view that the contractual deal terms of a CDO / CLO should not ordinarily be circumvented through chapter 11 proceedings. In Taberna Preferred Funding IV, Ltd. (“Taberna“), the Court dismissed an […]