Bondholders' rights / Jackson Taylor.

Annandale, N.S.W. : The Federation Press, 2005.

25579

Corporation law -- Australia.

Covenants (Law) -- Australia.

1. Introduction: Bondholders and shareholders

Contractual protection

The American 'bondholder rip-off'

Australian bondholders

2. Covenants: Restrictive covenants

Financial covenants

Other protective covenants

Remedies

3. Covenants in Australian corporate bonds: The samples

Survey results

4. Non-covenant protection: regulation and doctrine: Capital maintenance

The statutory covenant

Contract law

Directors' duties

Remedies

5. Evaluation: Distributional fairness

Wealth transfers and ex ante compensation

Theories of enhanced bondholder protection

6. Conclusion - bondholders' rights in Australian law

Appendices: A. Retail bonds

B. Institutional bonds.

Includes bibliography and index.

186287574X

xi, 140 p.