| Bondholders' Rights Contributor(s): Taylor, Jackson Austin (Author) |
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ISBN: 186287574X ISBN-13: 9781862875746 Publisher: Federation Press OUR PRICE: $113.85 Product Type: Hardcover Published: December 2005 Annotation: This book, recognising that companies may sacrifice the interests of bondholders to achieve the best results for their shareholders, analyses the rights and remedies of bondholders. The author shows how bondholders are affected by "event risk" and explains the major types of contractual covenants that are used to protect against it. The analysis notes the different practices often employed in the retail and institutional bond markets and the effect of conversion rights and the presence of senior bank lending. The effectiveness of these covenants is considered in light of the remedies available under Australian law. The book then provides a comprehensive survey of the protection available for the large numbers of bondholders who lack adequate, or any, covenant protection. Well-established legal rules and more innovative applications of regulation and doctrine are considered. The book includes references to American bondholder litigation and suggestions for Australian law reform. |
| Additional Information |
| BISAC Categories: - Law | Corporate |
| Dewey: 346.092 |
| LCCN: 2006365809 |
| Series: Australian Legal Monographs |
| Physical Information: 140 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Australian companies are turning to corporate bonds for major capital raisings. This book, recognising that companies may sacrifice the interests of bondholders to achieve the best results for their shareholders, analyses the rights and remedies bondholders have against that occurring. |