Jason Elder

Mayer Brown won two Deal of the Year awards at the IFLR Asia Pacific Awards 2024: High-Yield Deal of the Year for PT Medco Energi Internasional's global bond deal, which was the first high-yield bond from Indonesia in 2023 and the only one successfully issued by an Indonesian company that year. Corporate & Securities partners Jason Elder (New York) and Nishrin Hussain (Hong Kong) led the Mayer Brown team, representing the trustee in this transaction.

The vast majority of corporate debt issuances are made pursuant to a trustee structure. This approach affords investors the advantage of uniformity of treatment and facilitates collective action, as opposed to the alternative 'fiscal agency' or direct issuance structure. But what happens when an individual investor in a global note structure seeks to take direct enforcement action against an issuer?

The vast majority of corporate debt issuances are made pursuant to a trustee structure. This approach affords investors the advantage of uniformity of treatment and facilitates collective action, as opposed to the alternative 'fiscal agency' or direct issuance structure. But what happens when an individual investor in a global note structure seeks to take direct enforcement action against an issuer?