In re Zais: Offshore CDO Issuer Can be Debtor under Bankruptcy Code | Practical Law

In re Zais: Offshore CDO Issuer Can be Debtor under Bankruptcy Code | Practical Law

In In re: Zais Investment Grade Limited VII, the US Bankruptcy Court for the District of New Jersey held that a Cayman Islands-based issuer in a collateralized debt obligation (CDO) transaction can be a debtor in bankruptcy under section 109 of the Bankruptcy Code.

In re Zais: Offshore CDO Issuer Can be Debtor under Bankruptcy Code

Practical Law Legal Update 1-508-2660 (Approx. 6 pages)

In re Zais: Offshore CDO Issuer Can be Debtor under Bankruptcy Code

by PLC Finance and Practical Law Bankruptcy & Restructuring
Published on 20 Sep 2011 • USA (National/Federal)
In In re: Zais Investment Grade Limited VII, the US Bankruptcy Court for the District of New Jersey held that a Cayman Islands-based issuer in a collateralized debt obligation (CDO) transaction can be a debtor in bankruptcy under section 109 of the Bankruptcy Code.