in the news
O’Melveny Lawyers Publish in Pratt’s Journal of Bankruptcy Law on Offshore CDOJanuary 06, 2012
O’Melveny & Myers LLP partners Gary Svirsky and Deb Festa, counsel Alexandra Redwine, and associate Evan Pickering co-authored the lead article in the January 2012 issue of Pratt’s Journal of Bankruptcy Law. In the article “Bankruptcy Court Overrides CDO Indenture Provision Requiring Noteholder Consent to Liquidation After Accelerating Default,” the authors discuss a recent decision in which a bankruptcy court ruled that it had authority to override express contractual provisions setting out intercreditor rights, and jurisdiction over an offshore CDO, an investment entity that is traditionally viewed to be beyond the reach of bankruptcy courts in the United States.
Svirsky is resident in O’Melveny’s New York office and a member of the Firm’s Class Actions, Mass Torts, and Insurance Litigation Practice. Festa is resident in O’Melveny’s Los Angeles office and a member of the Firm’s Investment Funds and Securitization Practice. Redwine is resident in O'Melveny's San Francisco office and a member of the Firm's Corporate Finance and Restructuring Practices. Pickering is resident in O'Melveny's San Francisco office and a member of the Firm’s Restructuring Practice..