Kaisa could spark terms changes.

• Autores: Ashley Lee
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 34, Nº. 6 (2/9/2015), 2015
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The article reports that cross-default clauses in loans, bonds, and derivatives could be changed after the default of real estate developer Kaisa on its international bonds in China. Topics cited include the factors that contributed to the failure of Kaisa, key man provision of the cross-default clauses, and terms of the offering circular for the sale of dim sum convertible bonds due 2015.