Download This PaperTort Liability for Ratings of Structured Securities Under English Law
University of Oslo Faculty of Law Research Paper No. 2015-06
Special Issue of International and Comparative Corporate Law Journal on Civil Liability of Credit Rating Agencies in the European Union - Selected Legal and Economic Aspects, edited by Gudula Deipenbrock and Mads Andenas, Forthcoming
17 Pages Posted: 10 Jan 2015
Date Written: January 9, 2015
Abstract
This article analyses whether there are legally cognisable claims for misrepresentation and negligence under English law that can be brought by a professional investor against a credit ratings agency for providing AAA ratings to structured finance instruments, such as collateralised debt obligations, when investors later discover that the ratings agency failed to act with due care in issuing the rating.
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