New Developments 2012

August 21, 2012

EMTA Recommends Flat Trading For Belize’s 2029 Bonds.

Standard & Poor’s Downgrades Belize’s Long-Term Foreign Currency Sovereign Credit Rating from CC to SD.

August 20, 2012

EMTA Announces 2Q EM 2012 Debt Trading Stood at US$1.413 Trillion.

EM Ltd. and NML Capital v. Argentina.

August 16, 2012

Holiday Schedule for EM Bond Trades for UK Summer Bank and US Labor Day Holidays. 

August 14, 2012

Press Release from Belizean Ministry of Finance, “Unable to Make Coupon Payment.”

Standard & Poor’s Downgrades Belize’s Long-Term Foreign Currency Sovereign Credit Rating from CCC- to CC.

August 13, 2012

President Signs Major New Iran and Syria Sanctions Legislation - Cleary Gottlieb Memo.

Statement from Belize Coordinating Committee Following Release of Indicative Restructuring Scenarios.

CFTC’s Final Rules Definition of Swap, Security-Based Swap, and Security-Based Swap Agreement.

August 8, 2012

Belize Releases Indicative Restructuring Scenarios.

August 7, 2012

Standard & Poor's Downgrades Serbia's Long-Term Foreign Currency Sovereign Credit Rating from BB to BB-.

August 3, 2012

Obama Administration Announces New US Sanctions Targeting Iran - Cleary Gottlieb Memo.

July 25, 2012

Litigation Against Argentina - Views by Anna Gelpern (American University) and Felix Salmon.

July 23, 2012

EMTA Announces 2Q 2012 EM CDS Volume Stood at US$218 Billion.

Final Report of Expert Group Meeting on Sovereign Debt Restructuring on May 18, 2012.  See The Financing for Development Office (FfDO) and The Centre for International Governance Innovation (CIGI) websites for more information.