Featured case: Banking and finance.

The article discusses a court case wherein the plaintiff sought a declaration as to the legality of a technique used by the issuers of corporate bonds, the exit consent. The plaintiff, Assenagon Asset Management, has challenged the exit consent technique alleging the abuse by the majority shareholders of their power to bind the minority. The defendant, Irish Bank Resolution Corp. Ltd. was given an unqualified right to do away with the rights of the noteholders.