Return of the CAC: collective action clauses in sovereign bond restructurings

  • Tak Matsuda
  • , Simon Thompson

    Research output: Contribution to journalArticlepeer-review

    Abstract

    The current sovereign debt crisis in Europe has brought Collective Action Clauses (CACs) in sovereign bonds back into the spotlight. This article considers how they have evolved since their appearance in English law documentation around ten years ago.
    Original languageEnglish
    Pages (from-to)118
    JournalButterworths Journal of International Banking and Financial Law
    Volume27
    Issue number2
    Publication statusPublished - 1 Feb 2012

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