Category: collective action clauses

Epic CAC

13 November, 2012 (12:38) | Argentina, Bonds, Capital markets, collective action clauses, financial instruments, Law, Recapitalization, Sovereign bankruptcy |

By:David A. Smith   You thought you had rights – and then you find they’re worthless, because they’re government obligations and the government is currently in the hands thieves and scoundrels, so you’re out of luck, doesn’t it?    Good for dietary rescission? Maybe not, if a trend spotted by the Economist (November 3, 2012) [...]