Whistlejacket Capital, Standard Chartered's (StanChart) $7 billion SIV, has successfully appealed against the legal action that sought out a $220 million repayment of debt owed to one of its creditors.

The decision could set a precedent for other SIV restructurings as it clarifies the priority of payments, and allows the receiver to hold cash pending a restructuring of the portfolio.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.