The changing role of the trustee in international bond issues.
Journal of Business Law
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.
|Title:||The changing role of the trustee in international bond issues|
|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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