-
Is there a Path through the Woods?
24 May 2013
Publication
There had been much disquiet over the impact on managed CLOs of the "skin
in the game" requirements. However, as arbitrage economics and investor
sentiment become more favourable for European CLO issuance, structures
were coming to market which sought...
-
English Insolvency Courts open for international business
22 May 2013
Publication
The Court of Appeal has unanimously decided that it may appoint English administrators to a Jersey company, upon the request of the Jersey Court. This overturns a controversial decision from just last month, where a formal request from the Jersey Court...
-
Subordinated noteholders strike sail: balance sheet insolvency in the Supreme Court
9 May 2013
Publication
The Supreme Court has unanimously affirmed the Court of Appeal's decision on the test for balance sheet insolvency under section 123(2) of the Insolvency Act 1986 finding that Eurosail was not balance sheet insolvent. Of practical importance to borrowers...
-
Basel Securitisation Framework – All Change?
14 January 2013
Publication
The Basel Committee on Banking Supervision is proposing to significantly alter the Basel securitisation framework. This briefing provides an overview of the most significant proposals to make you aware of the proposals and help you begin the process of formulating...