February 24, 2021

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 […]