EMTA SPECIAL SEMINAR: SOVEREIGN DEBT RESTRUCTURING: A BETTER WAY FORWARD?
Wednesday, December 18, 2013
360 Madison Avenue, 17th Floor
(on 45th St. between Madison and 5th Aves.)
11:45 a.m. – Registration
12:15 p.m. – 2:15 p.m. Panel Discussion
Arturo Porzecanski (American University) - Moderator
Bruce Wolfson (Bingham McCutchen)
Claire Husson-Citanna (Franklin Templeton Institutional)
Hans Humes (Greylock Capital Management)
Ben Heller (Hutchin Hill Capital)
Support for this event provided by Bingham McCutchen.
A Light Lunch will be provided
After the IMF’s proposal a decade ago for a Sovereign Debt Restructuring Mechanism (SDRM), and the adoption of the IIF's Principles for Stable Capital Flows and Fair Debt Restructuring and inclusion of collective action clauses (CACs) in EM bond issues, there have been various official sector and academic concerns about the existing mechanisms for restructuring sovereign bonds, particularly in response to developments in the European sovereign debt markets and pending litigation against Argentina.
On October 16, EMTA presented a panel of sovereign debt experts, who described a variety of current proposals, including those being discussed within the IMF, to reform aspects of the international architecture for restructuring sovereign bonds. On November 5, another panel, composed of leading private sector representatives, gave their views on these proposals.
Today's panel will endeavor to summarize these proposals and the private sector's reactions to them, and then articulate a sensible path forward.
This Special Seminar is the third in a three-part series of EMTA panels on sovereign debt, the international architecture to restructure it and proposed reforms.
Attendance is US$75 for EMTA Members / US$495 for non-members / Credential Media Complimentary.
REGISTRATION FOR THIS EVENT THROUGH THE WEBSITE IS NOW CLOSED, HOWEVER, YOU MAY CLICK HERE TO REGISTER BY EMAIL.