This is the first in a series of podcasts hosted by Allen & Overy’s Corporate Trust and Agency team and based on webinars organised for our clients. The Trust Us series provides succinct overviews of hot topics for trustees in the APAC market. In this episode, Holly Hart is joined by Katherine Signy and Tim Beech, head of our APAC Corporate Trust and Agency team, who discuss the following:
- Defaults in APAC: an overview of current trends in bond defaults, including key takeaways for trustees; and
- Stand By Letters of Credit: the increasing role of these products as credit enhancement in the market, and the sticking points for trustees in negotiating and enforcing such instruments.