CREDITOR ENGAGEMENT CLAUSES — Market Perspectives on Pro’s and Con’s

CREDITOR ENGAGEMENT CLAUSES
— Market Perspectives on Pro’s and Con’s

Monday, April 13, 2015

This is a joint presentation with ICMA and IIF and will be held at EMTA’s offices at 360 Madison Avenue, 17th Floor, on 45th Street between Madison and 5th Aves., in NYC.

The ICMA sovereign debt contract reforms, including model aggregated collective action, pari passu, and creditor engagement clauses for inclusion in new sovereign bond contracts, were released in August 2014. They were endorsed by the IIF, and welcomed by many authorities and commentators as a means of facilitating collective action and avoiding restructuring disruptions. Although a number of sovereign issuers have adopted the new provisions, some aspects relating to creditor engagement have met with resistance and/or indifference.

At this joint IIF, ICMA and EMTA meeting, following roundtable meetings held in London on February 5 and in New York on March 2, buy-side market participants, along with leading capital markets and legal professionals, will provide the market perspectives on the pro’s and con’s of including creditor engagement provisions in sovereign bond contracts.

A Washington, DC panel on April 19 is also being organized by IIF to coincide with the upcoming joint IMF/World Bank meetings in April.

12:00 noon Registration

12:15 p.m. – 2:15 p.m. Panel Discussion

Whitney Debevoise (Arnold & Porter) – ModeratorCharles Blitzer (Blitzer Consulting)Gerardo Rodriguez (Blackrock)Bruce Wolfson (Jaguar Growth Partners)

Additional Speakers to Follow

Lunch will be provided

AttendanceRegistration fee for EMTA, ICMA and IIF members: US$95 / US$695 for non-members.

RegistrationTo 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.

CancellationCancellations must be received by 12:00 noon (EST) on Friday, April 10, 2015, or you will be charged the full amount. Substitute delegates may be sent at no additional charge.

This Special Seminar is part of a continuing series of panels and presentations that EMTA is pleased to sponsor on various topics of interest to Emerging Markets investors and other market participants, and is part of EMTA’s Legal & Compliance Seminars*.

*CLE credit will be available for NY attorneys. This seminar is non-transitional and appropriate for experienced attorneys only. Please click here for details on EMTA's Financial Hardship Policy.

Please contact Suzette Ortiz at sortiz@emta.org for any matters related to registration.

For more information on non-registration matters, contact Aviva Werner atawerner@emta.org.