On 3 September, 2024, Ukraine announced that it successfully concluded the restructuring of approximately US$20.5 billion of Ukraine's international bonds and the sovereign-guaranteed debt obligations of the State Agency for...more
Five years since the Republic of Mozambique issued its claim in the English High Court against Privinvest and other participants in one of the largest sovereign corruption scandals of modern memory – the so-called "Tuna Bond"...more
7/31/2024
/ Bribery ,
Corruption ,
Debt Restructuring ,
Financial Institutions ,
International Litigation ,
Investors ,
Mozambique ,
Settlement ,
Shipbuilding ,
Sovereign Territories ,
Special Purpose Vehicles
Since 2021, the New York Legislature has considered a number of draft bills aimed at facilitating sovereign debt restructurings and helping distressed sovereign debtors obtain the debt relief they require. While the draft...more
Climate factors' impact on a debtor's ability to honor its obligations has been recognized for over 4,000 years. It was the Code of Hammurabi in Mesopotamia that first mandated a deferral of principal repayment and...more
2/9/2023
/ Bonds ,
Climate Change ,
Collective Actions ,
Coronavirus/COVID-19 ,
Debt Instruments ,
Debt Restructuring ,
Force Majeure Clause ,
Investors ,
Pricing ,
Sovereign Debt ,
Terms and Conditions
Sovereign debt restructuring solutions developed in Latin America during 2020 and 2021 create a new paradigm for sovereign debt restructurings in the region and globally -
Over the past 50 years, the Latin American and...more
Economic and fiscal challenges of implementing debt relief in Africa -
While the COVID-19 pandemic continues to pose unprecedented challenges to countries worldwide, the impact is even more critical on developing countries...more
9/23/2020
/ Africa ,
Coronavirus/COVID-19 ,
Creditors ,
Debt Relief ,
Default ,
Developing Countries ,
DSSI ,
Financial Distress ,
Foreign Sovereigns ,
G20 ,
Private Funds ,
United Nations Conference on Trade and Development (UNCTAD) ,
World Bank