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The changing role of the trustee in international bond issues

Rawlings, P.; (2007) The changing role of the trustee in international bond issues. Journal of Business Law , 2007 (Jan) pp. 43-66.

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Abstract

Outlines the operation of international trusts and capital markets and key developments concerning the role of trustees in international bond issues. Reviews the scope of a bond trustee's traditional legal obligations and liabilities, and the possible changes arising from the Elektrim litigation, including the Chancery Division decision in Law Debenture Trust Corp Plc v Acciona SA and the House of Lords ruling in Concord Trust v Law Debenture Trust Corp Plc on a trustee's ability to seek an indemnity from bondholders as a result of an invalid notice of acceleration. Compares the position of bond trustees in the US under the Trust Indenture Act 1939.

Type:Article
Title:The changing role of the trustee in international bond issues
Language:English
Additional information:A Sweet & Maxwell publication available with subscription
Keywords:Acceleration clauses, Bond issues, comparative law, indemnities, offshore bonds, offshore trusts, Trustees' powers and duties, United States
UCL classification:UCL > School of Arts and Social Sciences > Faculty of Laws

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