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Goodmans News & Events

Stephen Halperin quoted in "Go-To Guy Ends Paper Log-Jam", National Post

December-27-2007

Lawyer Stephen Halperin

Details


Excerpt from "Go-To Guy Ends Paper Log-Jam", by Jim Middlemiss:

Steve Halperin, the lawyer at Goodmans tapped by Mr. Crawford to lead the legal teams, says the negotiations have been complex and challenging.

"The reality is that there are so many parties involved.  We have an investor committee that is about 18 members [mostly those institutions that have the biggest holdings in ABCP].  We are dealing with foreign bank asset providers that are eight or nine in number and located in various locations around the global and we have been engaging with the Canadian banks."

There are also the various conduits and indenture trustees that must be consulted.