| 24.07.2009 Opalesque Exclusive: Debt of U.S. industrials at an all time high, rising worries for loan defaults spur firms to revisit the typical share security agreements |
| From Kirsten Bischoff, Opalesque New York: Often, in loan scenarios, creditors secure the ability to take ownership in a firm's shares as security to hold against the loan. As the loan default rate rises with the global financial crisis, fund managers and other creditors are finding it necessary to make decisions to take ownership of debtor shares by enforcing the equitable security interest |
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