“Opportunistic Credit Default Swap Strategies” co-authored by Corporate partner Fabien Carruzzo was published in Practical Law. The article examines opportunistic credit default swap (CDS) strategies in the context of refinancings and restructurings that utilize techniques including voluntary failure-to-pay credit events, succession events and orphan CDS. Among others, the article discusses the iHeartCommunications case, Hovnanian Enterprises restructuring, and the McClatchy and Sears cases.

Read the full article here.