Abstract
The economic crash and the associated financial crisis since 2006/7 have left public trust in financial institutions at an unprecedented low, most recently with LIBOR fixing scandal. The opaque market place in which the sale of billion dollar assets ocurs is coming to the fore and in its turn for a stress test by public opinion may be just round the corner. This article explores recent cases in this area and highlights the risks faced by the parties involved in such sales. It looks to focus on the role of auctions and methods of sale and in particular the 'right of last look'.
| Original language | English |
|---|---|
| Pages (from-to) | 608-611 |
| Number of pages | 3 |
| Journal | Butterworths Journal of International Banking and Financial Law |
| Volume | 27 |
| Issue number | 10 |
| Publication status | Published - Nov 2012 |
Keywords
- financial crisis, public trust, stress testing, asset sales, counterpart risk, rights of last look,
