Selecta Determination Provides Further Guidance on Chapter 15 and Bankruptcy Credit Events
By EsqSocial Corporation 26/10/20
The EMEA Determinations Committee's recent bankruptcy determination involving Selecta CDS provides additional insight on the types of chapter 15 filings that are likely to trigger Credit Events. On October 12, 2020, the Credit Derivatives Determinations Committee ("DC") for EMEA determined that the chapter 15 filing of Selecta Group B.V. ("Selecta") triggered a Bankruptcy Credit Event under credit default swaps ("CDS"). The DC's determination, along with its earlier decisions involving Thomas...
By: Jones Day