Paul Hastings LLP, a leading global law firm, announced today that the firm has advised Capita Asset Services, Europe's largest provider of loan services to financial institutions' loan portfolios and securitised pools of commercial mortgage loans, in connection with the restructuring, the proposed insolvency plan proceedings of the borrowers and sale of the Xanadu loan owned by Cornerstone Titan 2007-1 PLC with a nominal amount of over €266 million outstanding. Cornerstone Titan 2007-1 was originally a securitisation of 32 commercial mortgage loans originated by Credit Suisse and Capmark Bank Europe, with an aggregate balance of EUR1.32bn.The transaction is subject to several closing conditions.
M&A and restructuring partner Dr. Christopher Wolff
led the Paul Hastings team, which also included Real Estate partner Dr. Jochen Scheel
as well as associates Dr. Christian Mock
and Miles Flynn
.Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.