menu

Articles

East Cameron Gas Sukuk – a case study on sukuk default

By
today 11 April 2014 GMT

By Haitham Zeineldin


East Cameron Partners (ECP) was the first US entity to issue sukuk through a two-tiered Musharakah structure. The issue was thought of as an advance in the US Islamic finance market where BSEC structured the deal, Merrill Lynch was the book-runner, KPMG were the auditors and the legal advisers were Vinson & Elkins LLP, Walkers and Baker Hostettler. In 2008, East Cameron filed for Chapter 11 bankruptcy protection under the US Bankruptcy Code.


Download and read full paper here: East-Camerron-Case-Study


Popular News

Latest Issued Sukuk

SUKUK WHO'S WHO

SUKUK NEWS WIRE

SUKUK EDUCATION

RELATED CONTENT