Défense-ive finance: what the Coeur case means for covered bonds

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Défense-ive finance: what the Coeur case means for covered bonds

French courts threw out contractual rights when they ruled to protect the owners of the Coeur Défense tower from their creditors. But the answer to this isn’t self-righteous indignation. It’s to beware of any market that’s never seen a default.

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