CACs handed boost after Argentina and creditors find fix to dispute
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CACs handed boost after Argentina and creditors find fix to dispute

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With the world’s most important asset managers taking a more active role in sovereign debt restructuring negotiations, the once niche topic of collective action clauses (CACs) is set to rise up the capital markets agenda as participants debate whether adjustments made by Argentina and Ecuador to the 2014 ICMA CACs should become common practice.

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