EMTA is pleased to present "Sovereign Debt Restructuring: Private Sector Reaction to Current Proposals".

EMTA is pleased to present "Sovereign Debt Restructuring: Private Sector Reaction to Current Proposals".

This Special Seminar will be held on Tuesday, November 5, 2013, at EMTA’s offices at 360 Madison Avenue, 17th Floor, on 45th Street between Madison and 5th Aves., in New York City, beginning at 11:45 a.m., scheduled to end at 2:15 p.m., and a light lunch will be provided.

After the IMF’s withdrawal of its proposal a decade ago for a Sovereign Debt Restructuring Mechanism (SDRM), and the adoption of the IIF’s Principles of 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 from the IMF, to reform aspects of the international architecture for restructuring sovereign bonds.

Today’s panel of leading private sector practitioners will provide their own views on the current sovereign debt restructuring architecture and on the various proposals to reform it.

Speakers will include:

Charles Blitzer (Blitzer Consulting) – Moderator

Gerardo Rodriguez (BlackRock)

Jay Newman (Elliott Associates)

Rashique Rahman (Morgan Stanley)

Additional speakers may follow.

Support for this event provided by Morgan Stanley.

This Special Seminar is the second in a three-part EMTA series of panels on sovereign debt, the international architecture to restructure it and proposed reforms.  Our third panel on December 18 will endeavor to summarize the official sector and private sector positions and articulate a sensible path forward.

Attendance

Registration fee for EMTA members is US$75 / Non-members is US$495 / Closed to the Press.

Registration

To register, please CLICK HERE if you have previously registered for an EMTA event or you are an EMTA member with login credentials.

Or, if you have never before registered for an EMTA event or you are an EMTA member without login credentials, please CLICK HERE.

Cancellation

Cancellations must be received by 11:45 a.m. (NY time), Monday, November 4, 2013, or you will be charged the full amount. Substitute delegates may be sent at no additional charge. Please contact Suzette Ortiz at sortiz@emta.org for any matters related to registration.

For more information on non-registration matters, please contact Aviva Werner at EMTA at +1 (646) 289-5412 or by email atawerner@emta.org.

EMTA offers a wide range of Emerging Markets information. Please see our website at: http://www.emta.org.

This e-mail was sent from EMTA, Trade Association For The Emerging Markets (sortiz@emta.org) to rolfjkoch@web.de.