Kirsten Erichsen and Andrew J. Wilkinson examine recent developments in sovereign debt restructuring in an article published today in Corporate Rescue and Insolvency.
In the wake of the Argentinian and Greek crises, there is a collective desire to make the restructuring of sovereign debt a more orderly process. The article considers recent proposals from the IMF and the UN designed to do so, together with market-driven solutions including collective action clauses. It examines how these developments might change the landscape of sovereign restructurings in the next few years.
More from the Weil European Restructuring Blog
This website is maintained by Weil, Gotshal & Manges LLP in New York, NY © 2020 Weil, Gotshal & Manges LLP, All Rights Reserved. The contents of this website may contain attorney advertising under the laws of various states. Quotation with attribution is permitted. This publication is provided for general information purposes only and is not intended to cover every aspect of the purpose for the law. The information in this publication does not constitute the legal or other professional advice of Weil London or the authors. The views expressed in this publication reflect those of the authors and are not necessarily the views of Weil London or of its clients. These materials may contain attorney advertising. Prior results do not guarantee a similar outcome.