Walkers Partner Justin Hart and Senior Counsel Sarah Dombowsky author "Bankruptcy remoteness for Cayman drop-down SPVs: A practical refresher for fund finance" 

As fund finance has evolved beyond classic subscription lines into asset-backed facilities, NAV lines and warehouses, and the rise of private credit has seen practitioners expand into back-leverage, pass-through notes, TRSs and capital relief trades, Cayman bankruptcy remote 'drop-down' SPVs have become ubiquitous across on-balance sheet structures. 

You can read the full article here.