Lexicon

Abuse of majority power

Doctrine · also called minority protection principle

The English principle that a majority's power to bind a minority must be exercised in good faith for the class as a whole. Minority creditors have raised it against European LMEs.

Associated with Assénagon (2012)

Discussed at ¶¶ 20.64, 21.43, 25.83–25.86 of Liability Management Exercises: Law and Practice.