Download or read book The Problems of Indenture Trustees and Bondholders written by and published by . This book was released on 1995 with total page 802 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders written by and published by . This book was released on 1989 with total page 832 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders 1995 written by James E. Spiotto and published by . This book was released on 1995 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders 1993 written by and published by . This book was released on 1993 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Bond Defaults and the Dilemma of the Indenture Trustee written by Steven L. Schwarcz and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Long-term debt securities, or bonds, issued to public investors can suffer a collective-action problem. Bondholders cannot act as a cohesive group where individual bondholder investments are relatively small, minimizing economic incentive to take action or cooperate. This is exacerbated by the fact that the identity of bondholders constantly changes, public bonds being actively traded. Although the rise in institutional bondholding - especially the advent of large, activist, hedge- and private-equity funds and the movement of some of these funds into bond investing - has helped to mitigate the collective-action problem, these funds often have conflicts of interest with other bondholders. Furthermore, the recent collapse of several major funds suggests that the collective-action problem could become more significant in future years. Custom and law have provided a partial solution to the collective-action problem: for each public bond issue, an indenture trustee is appointed to act as a type of agent on behalf of the bondholders collectively. This solution is imperfect, however, because the standard of care for indenture trustees remains somewhat ambiguous, generating cost and inefficiency in the public bond markets. An inquiry into the standard of care for indenture trustees is now timely, given the number of bond defaults and predictions of an imminent rise in the rate of defaults. Furthermore, public bondholder governance is increasingly recognized as a critical component of the larger realm of corporate governance. In the past, Congress and the legal literature have focused predominantly on the aspects of corporate governance related to equity investors. Given more than eighty percent of capital market financing raised by U.S. corporations now occurs through public bond offerings, greater attention should be devoted to public bondholder governance.
Download or read book The Problems of Indenture Trustees and Bondholders 1989 written by and published by . This book was released on 1990 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders 1992 written by and published by . This book was released on 1992 with total page 792 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders 1990 written by and published by . This book was released on 1990 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders 1993 written by and published by . This book was released on 1993 with total page 904 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders 1993 written by and published by . This book was released on 1993 with total page 904 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees and Bondholders 1991 written by and published by . This book was released on 1991 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Defaulted Bonds and Bankruptcy written by James E. Spiotto and published by . This book was released on 1984 with total page 640 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Problems of Indenture Trustees written by and published by . This book was released on 1991-12-01 with total page 1206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Protection of Bondholders written by Joon Suk Bae and published by . This book was released on 2004 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Commercial Litigation in New York State Courts written by and published by . This book was released on 2005 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Defaulted Bonds written by and published by . This book was released on 1982 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Bankruptcy written by Jagdeep S. Bhandari and published by Cambridge University Press. This book was released on 1996-03-29 with total page 584 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection is the first comprehensive selection of readings focusing on corporate bankruptcy. Its main purpose is to explore the nature and efficiency of corporate reorganization using interdisciplinary approaches drawn from law, economics, business, and finance. Substantive areas covered include the role of credit, creditors' implicit bargains, nonbargaining features of bankruptcy, workouts of agreements, alternatives to bankruptcy, and proceedings in countries including the United States, United Kingdom, Europe, and Japan. The Honorable Richard A. Posner, Chief Judge of the U.S. Court of Appeals for the Seventh Circuit, offers a foreword to the collection.
