New Developments 2006

August 9, 2006

EMTA Special Seminar on "'Partial' Sovereign Restructurings and their Implications" hosted by Clifford Chance to be held in London on October 12, 2006.  

Switzerland and the U.S. Sign Hague Securities Convention. 

Mexico VRR, Series E, Record Date of September 15 and Payment Date of October 2 Expected. Trades are ‘Ex-Dividend’ on September 13. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.

August 4, 2006

Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to CC. 

August 3, 2006

FG Hemisphere Associates v. Congo: Amicus Curiae Brief by National Union Fire Insurance Company of Pittsburgh, PA. 

August 2, 2006

Belize Announces Debt Rearrangement.  

Letter from Belize's Prime Minister Regarding Formation of Creditors Committee. 

August 1, 2006

Fitch Upgrades Argentina's Ratings on Performing Foreign Currency Debt Issued Under Foreign Law to B-. 

July 31, 2006

Russian Ministry of Finance Announces Second Tranche of Former USSR FTO Debt Exchange. 

July 27, 2006

World Bank Arbitration Tribunal (ICSID) Decision in Azurix Corp. v. Argentina.  

Barboni et al v. Argentina.  

Standard & Poor's Upgrades People's Republic of China Long-Term Rating to A. 

July 26, 2006

EMTA Market Practice Recommendation Regarding Venezuela Oil Obligations and Their Related Payments. 

Standard & Poor's Upgrades Indonesia's Long-Term Foreign Currency Rating to BB-. 

July 25, 2006

FG Hemisphere Associates v. Congo Petition for Panel Rehearing and Petition for Rehearing En Banc.  

Fitch Upgrades Russia's Foreign Currency Rating to BBB+.  

July 21, 2006

Emerging Markets Benefit to Be Held in London on October 6, 2006. Please Contact Elaine Skinner-Reid (elaine.skinner-reid@rbccm.com), Jonathan Murno (jmurno@emta.org) or Emma McClintock (emcclintock@bluebayinvest.com) for Tickets and Additional Information.