Hayfin Seeks Ruling on Pre-Crisis CMBS, Following Credit Suisse
This article is for subscribers only.
Hayfin Capital Management asked a U.K. court to determine how interest should have been calculated on commercial mortgage bonds that were structured to continue paying even when underlying loans defaulted.
The request, which centers on a 2006 Lehman Brothers Holdings Inc. securitization, has been filed at the High Court, according to a statement from the issuer of the bonds, Windermere VII CMBS Plc. A Hayfin unit holds Class X notes in the transaction, according to a court filing.