Suchergebnisse

Discusses legal and tax issues surrounding the structuring of
convertible mortgages. Concludes that convertible mortgages can be
structured in the UK, but the complexity from a tax viewpoint restricts
their application to high value properties. Cautions that tax
implications must be examined in great detail before structuring.

"Democracy's Hard Spring" was the title of an article in a respectable international magazine that presented an easily predictable interpretation of the tumultuous events in the Middle East. Although "predictable" is not always the same thing as "trite," the two terms coincided in this case. This only goes to show once again that modern positivists are not daunted by anything, including crises, revolutions, and natural disasters. Adapted from the source document.

The convertible bond market has recently gained increasing significance on a global basis with particularly notable growth among very fast growing companies hungry for capital. Philips' Convertible Bond Markets is a comprehensive assessment of this market place, illustrating clearly how investors of all risk persuasions may best utilise the instrument. It will be of great interest both to academics and to professionals including equity fund managers, bond fund managers, 'swaps' teams, stock loan departments, risk controllers, treasurers and proprietary traders.

Since 1983, the issuing of 'convertibles' to employees has become a widespread practice among Swedish companies. By now, more than 200 companies and 200,000 employees are involved. Convertibles are a kind of debentures. They are debt-instruments or promissory notes issued against a loan from employee to employer, and can be converted into shares after a fixed period. This report is the first systematic study of the phenomenon. It forms the first part of a project initiated by the Swedish Center for Working Life in cooperation with LO (the Swedish Confederation of Trade Unions) and SIF (the Swedish national trade union of industrial white collar workers). The purpose is to survey and describe the extent of convertible ownership, and to discuss the motives for, and the possible effects of, the present development. The survey concerns only issuings for which all employees are eligible. All kinds of privately owned limited companies are involved, quoted and unquoted.