Counsel to the Republic of Argentina tells GRR it is planning to seek permission to appeal an English court decision ordering it to pay investors €1.33 billion for losses in the country’s gross domestic product-linked securities.
06 April 2023
An offshore fund holding defaulted Cuban sovereign debt obtained the necessary consents to be assigned that debt and may pursue enforcement against the state’s former central bank, an English court has found – but it did not obtain consent to transfer accompanying guarantees provided by the Cuban government.
05 April 2023
An eight-day trial is under way in London to decide whether a Cayman fund can bring a claim against Cuba for payment of an almost 40-year-old sovereign debt governed by English law and denominated in now-defunct German Deutschmarks.
25 January 2023
After two decades that have seen China become the largest bilateral lender to the world’s poorest countries, attendees at GRR Live in New York said talk of so-called “debt-trap diplomacy” is misplaced but the country needs to decide whether it wants to be isolated or part of the developed financial world.
19 October 2022
GRR Live returned to New York last week after a three-year break due to covid-19.
10 October 2022
UPDATED: White & Case advised the Ukrainian government on a sovereign debt restructuring deal it reached with certain GDP warrant and bondholders last week, with Weil on the side of larger creditors.
15 August 2022
Sri Lanka is facing a US$250 million claim from a bondholder in New York who accuses the country of discriminating against US investors in its debt restructuring, after it defaulted for the first time in its history last month.
24 June 2022
Puerto Rico has won approval for the first territorial debt restructuring in United States history with a plan that will see the island cut its public debt by about 80% and save more than US$50 billion in debt repayments.
19 January 2022
Power supplier Bulb Energy’s administrators have been allowed to keep its creditors’ details out of the public domain, weeks after it entered the UK’s first-ever energy supply company special administration.
15 December 2021
Non-executive directors of collapsed construction company Carillion have told an English court that disqualification claims brought against them are “oppressive” and evidence submitted by the UK government is “ill-founded”.
30 November 2021
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