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Debt Sovereign Debt

Proskauer Rose LLP

New York Legislature Proposes New Sovereign Debt Restructuring Bill

Proskauer Rose LLP on

The New York State Legislature recently proposed a bill, entitled the Sovereign Debt Stability Act, intended to facilitate sovereign debt restructuring. The bill, which could be brought to a vote as soon as May or June 2024,...more

Holland & Knight LLP

Guidelines for the Renegotiation of the External Public Debt Inherited from the Chavez/Maduro Period

Holland & Knight LLP on

The Venezuela National Assembly recently indicated that the country's debt is currently around $160 billion. In view of the foregoing, it is relevant to stress that in July, the Special Prosecutor's Office of the Bolivarian...more

McNees Wallace & Nurick LLC

Some Thoughts on Puerto Rico and Other Distressed Issuers

Fact One: There are 3.7 million Puerto Ricans, 45% of whom live in poverty. Fact Two: According to its April 3, 2012 Official Statement, Puerto Rico has $68 billion of debt. Fact Three seems obvious: it is going to be...more

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