Ep 168 - Are CACs Unilateral Modification Clauses?

Clauses & Controversies by Clauses & Controversies

Jan 12, 202600:40:45Education

Are CACs Unilateral Modification Clauses? We have always understood the collective action clause (CAC) in a sovereign bond to allow the bond issuer to propose a modification to the bond, which will bind everyone if appro...

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