failure, the argument has been made that to vest enforcement rights in the trustee, as opposed to individual bondholder rights … secondary market bond spreads and information on default status, this paper assesses empirically whether sovereign bonds issued … under a trust structure indeed carry a higher default risk. It finds no systematic evidence of either a spread premium or …

attach the debtor country’s assets following a default. Market reaction to the landmark case of Elliott Associates v. Peru is …

public sector pressure for more efficient procedures to cope with sovereign default and restructuring. A second policy … initiative, the standard appointment of a trustee to centralise enforcement of the bondholders’ claims against the debtor, has …

, the argument has been made that to vest enforcement rights in the trustee, as opposed to individual bondholder rights … secondary market bond spreads and information on default status, this paper assesses empirically whether sovereign bonds issued … under a trust structure indeed carry a higher default risk. It finds no systematic evidence of either a spread premium or …