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White Tower Workout To Set Market Precedent July 26, 2010 03:42 PM

The sale of property from White Tower 2006-3’s portfolio and the subsequent recovery of money for bondholders will set a benchmark for future commercial mortgage-backed securities enforcement, according to sister publication Total Securitization. The insolvency proceeding was groundbreaking for bondholders, said John Kelsey, London-based partner at Berwin Leighton Paisner. “This complex case is ...

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