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
Since the decision in Assénagon in 2012, there has been some doubt as to how much coercion can be applied in a consent solicitation that includes an "exit consent" and whether consents that seek to force detrimental economic...more
Standing at the intersection of the Eurobond and high yield markets, so-called "Cross-Over" emerging market deals were more popular than ever in 2021. These deals were not necessarily like the deals that had come before—deals...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
In late March, the Treasurer of Australia announced temporary changes to Australia's foreign investment review framework in response to the COVID-19 crisis. The new measures lowered the monetary screening thresholds for...more
The White & Case Capital Markets team updates its March 2018 publication on bond repurchases given the current environment where issuers may consider whether, if their bonds are trading at a discount to par, they should...more
3/30/2020
/ Bond Issuers ,
Bonds ,
Buyback Programs ,
Capital Markets ,
Coronavirus/COVID-19 ,
Creeping Tenders ,
Disclosure Requirements ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Offerors ,
Repurchases ,
Rule 144A ,
Securities and Exchange Commission (SEC) ,
Threshold Requirements ,
Wellman Factors