LNB News 24/01/2025
Document Information
Issue Date: 24 January 2025
Published Date: 24 January 2025
Jurisdiction(s): World
The International Capital Market Services Association (ICMSA) has updated its template of standard provisions for meetings of bond or note holders to incorporate advanced electronic consent wording. This revision addresses the issue where traditional bondholder meetings were often favoured due to higher threshold compliance for electronic consent resolutions whereas; the updated wording permits resolutions to be passed without an actual meeting when vote outcomes are known in advance via Euroclear Bank and Clearstream.
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