And while Beijing's favorite candidate in Taiwan's election is James Soong, who left the Kuomintang in order to stand as an independent, clearly it would prefer Mr. Lien to Chen Shui-bian.
The decree of that court was that, the lien of the mortgages having been exhausted, they were no longer preferred claims, and that the debts they were given to secure could only be proved and take rank against the assets in the hands of the administrator according to the nature of the instrument evidencing the debt, and the statute relating thereto.
In loans, the investor is "always in a first lien position," which is the safest position position to be in on debt, and the startup's loans pay fixed interest payments, while its equity transactions pay preferred percentages and allow investors to participate in appreciation and upside.
Naturally, lenders prefer to be in the first lien position.
(When Jen asks the soulful beauty Shu Lien if she is a swordfighter, she answers, "Yes, I am, but I prefer the machete").
Hauan, Ciric, Westerberg & Lien (1999b).
Pan S-L, Lien I-N, Chen TH.
Illustration: Reuters/Art Lien.
Lien Hoa Vegetarian dishes.
Wu S-Y, Lin M-C M-C, Lan C, Lai J-Sai J-S, Lien I-N.
