Over the past few weeks, structured products investors have seen how some strategies and products can be unwound quickly and involuntarily.

Credit-linked notes (CLNs) are poised to deliver losses as some companies underlying these products will face credit events and even the risk of default. SRP spoke to Leanne Banfield ( pictured ), counsel at Linklaters and James Coiley, partner at Ashurst, about the legal considerations around credit events triggered by the Covid-19 pandemic. “Our clients are understandably very concerned at the moment about the impact of Covid-19 on structured products, whether repackagings or balance sh

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