GREEK DEBT -- THE ENDGAME SCENARIOS --- welchen rechtlichen Herausforderungen die retroactiven CAC unterliegen

nochmals zum nachlesen wie das mopping-up law (einführung der retroactiven CAC) rechtlich angreifbar ist

GREEK DEBT -- THE ENDGAME SCENARIOS

Lee C. Buchheit
Cleary Gottlieb Steen & Hamilton LLP - New York Office
G. Mitu Gulati
Duke University - School of Law
April 18, 2011
Abstract:
Perhaps Greece -- a country with a debt to GDP already approaching 150
percent and set to move even higher -- avoids a debt restructuring. Perhaps
not.
What are the possible scenarios if Greece cannot return to the capital
markets to refinance this gargantuan debt stock once its EU/IMF bailout
package expires in two years time? What would a Greek debt restructuring
look like after mid-2013? And (sharp intake of breath here) what would
happen if such a debt restructuring were undertaken before that point