Financial Times FT.com

US dispute over SIVs resolved in UK

By Anousha Sakoui and Megan Murphy

Published: July 10 2008 21:02 | Last updated: July 14 2008 12:44

Investors in a complex US investment vehicle have used the UK courts to resolve a disagreement over whether some creditors had the right to force a quick sale of assets to repay them.

The precedent-setting case, which was based on documents drawn up under New York law, highlights the ability of UK courts to make quick decisions on complex commercial cases.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this