kaal:claim:1908473-030

The second trigger voting rights increase should never actually be triggered; its function is to level the playing field between constituents, incentivize negotiation, and provide an alternative to reorganization.

The second trigger voting rights increase should never actually be triggered. Rather, it should help level the playing field between constituents and incentivize negotiation and provide an alternative to reorganization.

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011), IV.B.2.b. U.S. Law, p. 44
https://ssrn.com/abstract=1908473 · source PDF

Wulf A. Kaal, Christoph Henkel, Contingent Capital with Sequential Triggers (2011). SSRN: https://ssrn.com/abstract=1908473

normativesupport: arguedgovernance-designcontingent-capital

• extended_by kaal:claim:2061166-034 A second, sequential trigger placed before reorganization or resolution cushions the risk that policy makers m...

The quote above is an exact substring of the source PDF, whose sha256 is 9d578dac663357529edd1f6453fcfe69bdc59ac882408d9edfde5a4c2916befa. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/e596f918ad31b2bd...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/1908473-030.md | sha256sum