Noteholder in Whistlejacket Hearing Before Court of Appeal in London
May 20, 2008
Cleary Gottlieb has represented an interested party in the appeal from a first instance judgment relating to the manner in which the receiver of the troubled Whistlejacket SIV should distribute its assets, which have a reported face value of approximately $7 billion. Cleary Gottlieb is also advising interested parties in the receivership, liquidation or restructuring of other SIVs and CDOs, including Cheyne, Rhineland, Rhinebridge and Coltrane. Cleary Gottlieb advised potential liquidity facility providers in the proposed "Super-SIV" known as M-LEC.