Clifden’s behaviour ‘unprincipled asset grab', judge concludes

Instead of acting as the saviour of noteholders, Clifden was simply to trying to profit from the hurriedly arranged pre-pack administration of Fairhold, a pre-crisis CMBS now in distress, according to a judge in the UK High Court on Friday. It was an ‘unprincipled asset grab’, the judge told the court on the concluding day of the hearing.

  • By Asad Ali
  • 13 Aug 2018

And the actions it took did not stand up to scrutiny in court. 

Observers in court, expecting Clifden’s lawyers to land a few punches defending their actions, especially the bold claims blasted out via RNS, were left disappointed in a thoroughly one-sided affair.

By Friday, Clifden’s three ...

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