Our authors are experts in their field and include barristers, solicitors, judges, mediators, academics experts from a range of related disciplines.

James Smallwood

James Smallwood is a senior associate in the Derivatives and Structured Finance department at Allen & Overy LLP. He advises bank and manager clients in the complex world of structured finance, with a particular focus on CLOs (arbitrage and balance sheet), warehouse financings and securitised fund financing transactions.

james.smallwood@allenovery.com

Articles by author

Collateral quality or increased recoveries: CLO portfolio management in a time of credit deterioration

This article considers: (i) the delicate balance between competing interests and incentives in collateralised loan obligations (CLOs) with regard to restructurings of credit-impaired portfolio (broadly syndicated leveraged) loans; and (ii) recent innovations and changes to CLO documentation driven by specific well-publicised examples of leveraged loan restructuring.

1 FEB 2023