Hints and tips:
...Can the same be said of its creditors and shareholders?...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Related links: Examiner’s report on Caesars Caesars: Et tu, 1st lien? — FT Alphaville...
...And that’s because the NML v Argentina legacy for the uses and abuses of pari passu has already begun to be litigated for other sovereigns....
...No surprise to see GMO et al flag up “impact on third parties” from the start....
...Control of the workout process by a supermajority of affected creditors, and the ability to bind any dissident creditors to the will of that majority, is a fundamental feature of most insolvency regimes...
...Azevedo et al called it something different — “in the nature of a bribe”....
...Now here he is on a blast from the past… It’s Allied Bank International v Banco Credito Agricola de Cartago et al....
...Again, it was all a bit vague in the courtroom, but one idea seemed to be giving NML et al whatever the backlog of 11 years of payments was, and then paying them at the EBG rate thereafter....
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