TY - JOUR
AB - Capital Markets Law Journal, Vol. 5, No. 1 3 A rapid-read overview of the main items in this issue g The credit crisis: have trustees to which they have the opportunity to lived up to expectations? provide at least some of the required funding (see p. 5) and prevent significant dilution of their Simon Hill and Tim Beech shareholdings. The global financial crisis has had significant g Risk-mispricing of structured repercussions for a wide range and large products under New York law number of Bonds, particularly in the area of (see p. 30) structured finance. Bond Trustees have Philippe Selendy recently been faced with many difficult Structured financial products such as ABS- requests for exercises of their discretion in CDOs present highly complex issues of loss the context of severely distressed or troubled causation due to structural complexity, illi- transactions. At times Bond Trustees have been quidity and asymmetries of information. This criticized for failing to provide information article provides a framework for the evaluation to Bondholders, acting too slowly or being of whether losses are attributable, under New unwilling to exercise their discretion to York law, to market events or to seller modify or restructure transactions to address 
TI - CMLJ Express
JF - Capital Markets Law Journal
DO - 10.1093/cmlj/kmp046
DA - 2010-01-21
UR - https://www.deepdyve.com/lp/oxford-university-press/cmlj-express-rXOenzNhDR
SP - 3
EP - 4
VL - 5
IS - 1
DP - DeepDyve
ER -