Resumen de Deconstructing change of control clauses.

Patrick Baron, Maximilian Kirchner

• The article analyzes the change of control provision involving corporate bond transactions. It cites events that define the said provision including the acquisition of 35 percent of issuer's voting interests by an individual, the sale of all assets by the issuer, and the adoption of liquidation or dissolution plan. Topics explored also include the need for the issuer to repurchase bonds under the provision, the possible modification of the change of control, and the issuance of bond indentures.