A collective action clause (CAC) allows a supermajority of bondholders to agree to a debt restructuring that is legally binding on all holders of the bond...

the result of the Greek government-debt crisis, a retroactive collective action clause passed by the Greek government with the support of the ECB and...

formal law exists." For example, in 2002, "Buchheit developed a collective action clause, which says that if a supermajority of bondholders votes in favor...

local financial assets into foreign financial assets freely Collective action clause, a clause that allows a supermajority of bondholders to agree a debt...

selection clause. Arbitration clauses are frequently paired with class action waivers, which prevent contracting parties to file class action lawsuits...

some supermajority is typically spelled out in what are known as Collective Action Clauses, or CACs. In some jurisdictions, CACs or their equivalents are...

sector for managing specialized portfolios. Bond credit rating Collective action clause Debenture Deferred financing costs GDP-linked bond Government bond/Sovereign...

citizens. Class action waivers may be found on a standalone basis, though they are more commonly found as part of an arbitration clause, and when paired...

attorneys included a boilerplate pari passu clause, but neglected to include a collective action clause. Pari passu is a term generally used to signify...

the Supreme Court established that the reserve clause was a legitimate basis for negotiation in collective bargaining between players and owners, and that...

is a group of people who are represented collectively by a member or members of that group. The class action originated in the United States and is still...

Greek government threatened to and did introduce a retroactive collective action clause to enforce participation. The cash will be handed over after it...

powers to Congress, and the Vesting Clause does not reassign those powers to the President. In fact, because those actions require legislation passed by Congress...

includes the Citizenship Clause, Privileges or Immunities Clause, Due Process Clause, and Equal Protection Clause. The Citizenship Clause broadly defines citizenship...

Exchange Offers: The Basics". Debevoise. Retrieved 2017-09-29. "Bond Exchange Offers or Collective Action Clauses?" (PDF). Retrieved 2017-09-29. v t e clea...

security clause in their contract with management. Dues are generally 1–2% of pay. However, union members and other workers covered by collective agreements...

benefits, and working conditions. A collective bargaining agreement may include a clause (a contractual "no-strike clause") which prohibits the union from...

The Equal Protection Clause is part of the first section of the Fourteenth Amendment to the United States Constitution. The clause, which took effect in...

the Senate. In combination with the vesting clauses of Article Two and Article Three, the Vesting Clause of Article One establishes the separation of...

almost all cases. The Petition Clause protects the right to petition all branches and agencies of government for action. In addition to the right of assembly...

the Greek government threatened to retroactively introduce a collective action clause to enforce participation. Eventually, private-sector involvement...

on the net present value of the debt. The agreement included a collective action clause to force recalcitrant holders to participate. A debt sustainability...

debt reduction ... Collective action clauses, which now exist in most—but not all—bonds would be relied upon to address collective action problems." According...

contracts, thus instigating a credit event. The ISDA said the use of "collective action clauses (CACs) to amend the terms of Greek law-governed bonds issued by...

and can not be assumed to exercise control over the perpetrator's actions. Collective punishment is prohibited by treaty in both international and non-international...

2020, and, from then on, the term denotes a real event. CAC 1. Collective action clause: agreement in the issuance of bonds that allows a supermajority...

use of the Notwithstanding Clause to impose a contract on education workers "wrong". He told reporters "I know that collective bargaining negotiations are...

policy debate leading up to the 2004 Enlargement. His work on collective action clauses in sovereign bond contracts, on the international role of the...

Retrieved November 8, 2017. "Bank of England|Publications|News|2004|Collective Action Clauses (CACS) Paper". Archived from the original on December 31, 2008...

Development. In particular, she was involved in the drafting of the collective action clauses in Argentina's sovereign debt contracts. She is frequently quoted...