UK court makes landmark ruling on CLO downgrade triggers
Equity investors in 2006 CLO Harbourmaster Pro Rata 2 have won an appeal against a UK High Court ruling prohibiting post-reinvestment trading
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Odd ruling? One may read the phrase "has not been downgraded" both ways. I'm surprised one court would reverse an earlier court ruling given the likely absence of direct evidence for either interpretation.
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Comment by: Mike Peterson. Posted 9 years ago [2014-08-04 10:00:36]