New Developments 2011

December 23, 2011

Calculations for Payments on Uruguay VRR's Announced.

December 21, 2011

Approaching Deadline for Comments on the Volcker Rule under Dodd-Frank.

Moody's Downgrades Egypt's Government Bond Rating from B1 to B2.

Standard & Poor’s Downgrades Hungary’s Long-Term Sovereign Credit Rating from BBB- to BB+.

Moody's Downgrades Slovenia's Foreign-Currency Government Bond Rating from Aa3 to A1.

December 16, 2011

Moody's Downgrades Belgium's Foreign-Currency Government Bond Rating from Aa1 to Aa3.

December 15, 2011

EMTA Announces 3Q 2011 Debt Trading Stood at US$1.760 Trillion.

BM&F and BOVESPA Press Release on New Reference Rates.

Fitch Upgrades Indonesia's Long-Term Foreign Currency Issuer Default Rating from BB+ to BBB- (Investment Grade).

December 12, 2011

EMTA Letter Requesting Extension of Comment Period under Volcker Rule.

December 9, 2011

Statement by the Euro Area Heads of State or Government.

Europe’s Disastrous Summit (Felix Salmon).

December 8, 2011

EMTA Corporate Bond Forum, Sponsored by ING, to be Held in London on January 24, 2012. Invitations to be distributed shortly.

December 7, 2011

Holiday Schedule for EM Bond Trades for Christmas, Boxing Day and New Year's Holidays.

EMTA Special Presentation: The Vitro Effect: Troubling Development in Mexican Insolvency Law

• Agenda
• Rigging the Game in Mexico: The Role of Intercompany Claims  (Alejandro Sainz, Cervantes y Sainz) 
• Mexico’s Concurso Mercantil from an International Bondholder’s Perspective - Should There be a “Vitro Premium?” (Robert Rauch, Gramercy Advisors) 
• How Did Recovery Ratings on Mexican Corporate Issuers Perform Through the Financial Crisis?   (Jose Coballasi, Standard & Poor’s) 
• Mexico: Can it Have a Prosperous Future Without Effective Rule of Law?  (Claudio Loser, Senior Fellow, Inter-American Dialogue; President, Centennial Group Latin America; Former IMF Western Hemisphere Director (1994 – 2002))
• Document containing links to the above presentations and other articles and cases of interest 
• Download audio

NML Capital v. Argentina. 

Aurelius Capital Partners v. Argentina.

Wilmington Trust v. Vitro. 

November 30, 2011

Trade Association Letter Requesting Extension of Comment Period under Volcker Rule. 

Murillo de Aragão to Deliver Keynote at EMTA's Forum in Miami to be Held on January 17, 2012. Click Here to Register. 

EMTA's Fourth Quarter Bulletin is Now Available in our Bulletin Section.

November 29, 2011

Aurelius Capital Partners v. Argentina.