Bondholders' Rights
By: Jackson Austin Taylor
About This Book
This book, recognising that companies may sacrifice the interests of bondholders to achieve the best results for their shareholders, analyses the rights and remedies of bondholders. The author shows how bondholders are affected by "event risk" and explains the major types of contractual covenants that are used to protect against it. The analysis notes the different practices often employed in the retail and institutional bond markets and the effect of conversion rights and the presence of senior bank lending. The effectiveness of these covenants is considered in light of the remedies available under Australian law. The book then provides a comprehensive survey of the protection available for the large numbers of bondholders who lack adequate, or any, covenant protection. Well-established legal rules and more innovative applications of regulation and doctrine are considered. The book includes references to American bondholder litigation and suggestions for Australian law reform.
AI Overview
The book "Bondholders' Rights" by Jackson Austin Taylor is part of the Australian Legal Monographs series and focuses on the legal rights and protections of bondholders in Australia. Here is a comprehensive overview of the book:
Key Themes
- Bondholder Protections: The book delves into the legal frameworks and regulations that safeguard the interests of bondholders in Australia. It explores the various laws and judicial decisions that impact bondholder rights.
- Corporate Law: It examines how corporate law influences the rights of bondholders, including issues related to corporate governance, financial reporting, and debt restructuring.
- Australian Legal System: The book provides an in-depth analysis of how the Australian legal system addresses the rights and obligations of bondholders, including case law and statutory provisions.
Plot Summary
The book does not have a narrative plot in the traditional sense. Instead, it is a legal monograph that presents a detailed and structured analysis of the legal principles and statutes governing bondholder rights in Australia. It covers topics such as:
- Statutory Protections: An examination of the statutory provisions that protect bondholders, including the Corporations Act 2001 (Cth).
- Judicial Decisions: A review of significant court decisions that have shaped the interpretation and application of bondholder rights.
- Regulatory Frameworks: An analysis of the regulatory frameworks that govern the issuance and trading of bonds in Australia.
Critical Reception
Given the nature of the book as a legal monograph, there is no general critical reception in the form of book reviews or ratings. However, the book is likely to be well-received by legal professionals, academics, and financial experts who require a comprehensive understanding of bondholder rights in Australia.
Availability
The book is available in hardcover format from various bookstores, including Newtown Bookshop, Harvard Book Store, Laguna Beach Books, and Gramercy Books. Prices vary, with some stores requiring an email or call for pricing information.