Sigma Decision Weighs Heavily on U.K. SIV Market July 03, 2009

-- Daniel O’Leary
A decision by the House of Lords regarding one of the U.K.’s largest failed structured investment vehicles, Sigma Finance, could have important ramifications for other structured product disputes, according to one senior securitization lawyer. Steven Day, London-based partner at Mayer Brown, said the case was extremely important as it was the first SIV to reach the U.K.’s highest court of appeal. Day said the decision of the House of Lords could give other creditors ...

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