News Topic: Sovereign Debt

Mark posted a lucid analysis of Ukraine's loss to Russia in London yesterday (full 107-pp opinion here ). ... Read full article

The judge hearing Russia's lawsuit to enforce its $3 billion loan to Ukraine issued an opinion  today, rejecting Ukraine's defenses to the lawsuit.  Bloomberg and the ... Read full article

This is a joint post by Mitu Gulati and Mark Weidemaier ... Read full article

This is a joint post by Mitu Gulati and Mark Weidemaier . ... Read full article

This is a joint post by Mark Weidemaier and  Mitu Gulati. ... Read full article

This is a joint post by Mitu Gulati and Mark Weidemaier. ... Read full article

On ... Read full article

This is a joint post by Mark Weidemaier and Mitu Gulati . ... Read full article

This is a joint post by Mark Weidemaier and Mitu Gulati ... Read full article

This is a joint post by Mark Weidemaier and Mitu Gulati . ... Read full article

(This is a joint post by Mark Weidemaier and Mitu Gulati) ... Read full article

One last (I hope) gift from the  pari passu  litigation against Argentina: this opinion  ruling that Argentina does not breach its pari passu obligations by paying holdouts like NML (who recently settled claims against the country) or by paying ... Read full article

John Dizard has a useful, and clearly written, piece on the lay of the land in this morning's FT. What puzzles me is why PDVSA, the national oil company,  has not done a UK scheme of arrangement or a US prepack to exchange the bonds, instead of ... Read full article

The pari passu litigation against Argentina—discussed extensively here on Credit Slips , on FT Alphaville , and elsewhere —caused many people to worry that future government debt restructurings would become more difficult. ... Read full article

The opinion is a good reminder that oral argument impressions don't always carry over to the final written product. In short, both the majority and dissent approach this as a simple matter of statutory construction, and in that regard the majority ... Read full article

It has taken several months, but the Russian  Particulars of Claim  and Ukraine's Defence  (akin to complaint and answer in U.S. civil procedure) have now been filed. ... Read full article

It has become something like conventional wisdom that the pending SCOTUS case involving the Recovery Act is no longer relevant. After all, the giant interest payment due July 1 is largely attributable to GO bonds , and the Commonwealth itself is not even ... Read full article

I'm still working through the new draft of the PROMESA bill , which readers will recall provides new restructuring options for US territories (including Puerto Rico, of course). But I have to say I got a chuckle out of proposed section 303(3), which ... Read full article