Trusts Matters - edition 1

Offices | Beijing | Dubai | Hong Kong | London | Paris | Piraeus | Seoul | Shanghai | Singapore | Yangon Associated offices | Athens | Bucharest | Guangzhou | Jakarta EDITION 1 – FEBRUARY 2018 Trust Matters An update for Corporate Trustees In this issue Recovering costs and expenses: the scope of the trustee's contractual indemnity 1 Secure Capital – who is "the holder" of notes? 2 Clear drafting to avoid a contractual interpretation dispute: Class X notes and rating agency confirmations 3 Historic payment miscalculations – are they events of default or not? 5 Conflicts between statements in the Offering Circular and provisions in the Trust Deed 6 Get in touch / our experience 7 A member of

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