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New York Court Upholds Alternative Valuation Method for CDS Terminated During the 2008 Financial Crisis

As market participants debate whether the recent bank shutdowns and the government-sponsored sale of Credit Suisse may be a precursor for another “Lehman Moment,” we are reminded of yet unresolved issues that followed the...more

Bankruptcy Court Approves Service of Subpoenas Via Email and Twitter

In the Chapter 15 case of Three Arrows Capital, Ltd., the Bankruptcy Court for the Southern District of New York recently held that Rule 45 of the Federal Rule of Civil Procedure (“Rule 45”) authorizes service of subpoenas to...more

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