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Lovells

Financial Crisis and the downturn 2009

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Award levelStandout
InnovationCheyne Finance receivership
Originality7
Rationale6
Impact8
Total21
DescriptionWhen this $7bn (€4.8bn) structured investment vehicle went under, Lovells helped Deloitte & Touche develop a blueprint for subsequent SIV restructurings, including an auction process to price the SIV’s assets where a market did not exist