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GC Asia
Legal disputes loom as CLOs navigate uncharted waters
The many challenges that come with steering CLOs through an unprecedented crisis is paving the way for a new era of legal disputes among players in the sector.
The CLO market for the most part dodged the protracted legal battles that embroiled its CDO cousins following the 2008 crash, but the novelty of the Covid-19 crisis is expected to plant the seeds for the first major era of legal wrangling the sector has seen, sources say.
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