United States:
New MoFo FAQs On The Trust Indenture Act
11 November 2016
Morrison & Foerster LLP
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The use of liability management transactions in the wake of the
financial crisis, along with two important court cases (i.e.,
Marblegate and Caesars Entertainment Corp.), has
brought a renewed focus on the obligations of trustees and the
rights of bondholders under the Trust Indenture Act of 1939.
See our FAQs on the Trust Indenture Act of 1939 available
at: https://media2.mofo.com/documents/faq-trust-indenture-act-1939.pdf.
Because of the generality of this update, the information
provided herein may not be applicable in all situations and should
not be acted upon without specific legal advice based on particular
situations.
© Morrison & Foerster LLP. All rights reserved
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