RJA Maģistra darbi / RGSL Master's Thesis

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https://dspace-dev.lu.lv/handle/7/1061
Rīgas Juridiskās augstskolas studentu bakalaura darbi (kopš 2018.gada).

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Browsing RJA Maģistra darbi / RGSL Master's Thesis by Subject "Bonds"

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    Did floating rate notes stopped floating? An investigation on legal impacts of negative interest rates on bond agreements and their trade
    (Riga Graduate School of Law, 2018) Klaus, Jürgen; Linowski, Dirk; Riga Graduate School of Law
    Most securities pay a coupon as a form of interest from the borrower to the lender. While interest rates in the Euro Area are at historical low levels, as a common market practice, fixed income bonds can yield negatively and trade without material impacts. However, negative rates impact securities with floating rate coupons and create legal and operational uncertainty whether their coupons can turn negative and if this implies the borrower’s right to debit the bondholder. The thesis analyses if the applicable bond documentations are clear on the treatment of negative interest rates. Further, it interprets if an issuer could legally enforce to claim a payment from the investor under English law governed bond agreements.
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    Legal framework for secured corporate bonds in Latvia: proposal for a new regulation introducing the concept of a collateral agent
    (Riga Graduate School of Law, 2019) Freimanis, Mikus; Točelovska, Nataļja; Riga Graduate School of Law
    Access to finance is considered as one of the key factors to successful financial market development. European companies face problems with corporate funding which is treated as one of the main barriers to corporate growth and innovation capacity. Corporate bonds represent an alternative source of funding, contributing to a reduction of dependency on more traditional bank financing. Despite the present growth of the corporate bond market in Latvia, the current legal environment for collateralization of the corporate bond in Latvia remains comparatively inflexible for the changes ongoing. The goal of this thesis is to provide a theoretical background for the procedure of issuance of secured corporate bonds in Latvia, to identify the key missing elements for favourable collateralization environment, and to produce recommendations to reform the legal and regulatory framework for the introduction of the concept of a collateral agent in Latvia.