A game of two halves: Law Debenture Trust Corporation and Citibank v Elektrim

If you have any further questions regarding this article please contact Armel Cates (armel.cates@cliffordchance.com), Esther Cavett (esther.cavett@cliffordchance.com) or Kate Gibbons (kate.gibbons@cliffordchance.com).

Key Issues

• Risk that all the owners of a bond issue can terminate the bond trust even if this would apparently circumvent the purpose of the trust.