INT'L FINANCIAL ARCHITECTURE/DEBT RESTRUCTURING

For complete New Development listings, Click Here.

April 21, 2008 Various Retail Bondholders v. Argentina.
April 3, 2008 CMS Gas Transmission Co. v. Argentina.
March 20, 2008 Mobil Cerro Negro v. PDVSA - Reasons for Judgment to Discharge Freeze in the UK.
March 18, 2008 Mobil Cerro Negro v. PDVSA - Summary of Order to Discharge Freeze in the UK.
March 11, 2008 Mobil Cerro Negro v. PDVSA - Oral Argument in US.
February 22, 2008 Mobil Cerro Negro v. PDVSA - SDNY Orders Confirming Attachments and Authorizing Deposit of Funds.
February 13, 2008 Mobil Cerro Negro v. PDVSA - US Attachment Orders.
February 11, 2008

Standard & Poor's Statement: Petroleos de Venezuela S.A., Venezuela, And Related Issuers Ratings Unaffected By Court Ruling.
February 8, 2008 Mobil Cerro Negro v. PDVSA - UK Freeze Order.

Fitch Ratings Statement: British Court Order to Freeze PDVSA Assets To Have Minimal Near-Term Impact.
January 30, 2008

Iraq's Ministry of Finance Invites Registration of Commercial Claims Against Certain Iraqi Obligors as of August 6, 1990. Please CLICK HERE for more information.
October 1, 2007 EM Ltd. and NML Capital v. Argentina Supreme Court Writ of Certiorari Denied.
September 26, 2007 Capital Ventures International v. Argentina
September 10, 2007 German Federal Constitutional Court Decision Relating to Argentina.
July 18, 2007 EM Ltd. and NML Capital v. Argentina Brief in Opposition of Petition for Writ of Certiorari.

EM Ltd. and NML Capital v. Argentina Central Bank Brief in Opposition of Petition for Writ of Certiorari.

EM Ltd. and NML Capital v. Argentina Reply Brief in Support of Petition for Writ of Certiorari.
June 4, 2007 Special Presentation: "The Argentina Precedent: Will Others Follow?"
 
May 31, 2007 EM Ltd. and NML Capital v. Argentina Petition for Writ of Certiorari.
May 2, 2007 Venezuela Statement Regarding IMF and IBRD Membership.
March 15, 2007 Nigeria Press Release Regarding Warrant Tender Offer.
March 14, 2007 EM Ltd. and NML Capital v. Argentina Motion for Notice of Offering.

EM Ltd. and NML Capital v. Argentina Motion to Stay.
March 1, 2007 Congo Press Release Relating to London Club Meeting.
February 26, 2007 Nigeria Launches Tender Offer for Warrants.
February 20, 2007 Belize Closes Exchange Offer with 98% of Eligible Debt Tendered.
February 13, 2007 Citibank, as Fiscal Agent, Receives Notice from 25% of Par and Discount Brady Bondholders to Accelerate the Debt.

Moody's Upgrades Belize from Caa3 to Caa1 Following Restructuring.
February 9, 2007 EM Ltd. and NML Capital v. Argentina Southern District of New York Transcript.
January 31, 2007 Belize Says that 93% of Eligible Debt Accepts Restructuring Offer.

Banca Arner v. Argentina Amended Judgment in SDNY Court.
January 26, 2007 Nigeria Hires Citigroup for Planned Tender Offer for Warrants.
January 24, 2007 Petition for Rehearing and Rehearing En Banc in NML Capital v. Argentina.
January 11, 2007 Nigeria Intends to Launch Tender Offer for Warrants.
January 5, 2007 Second Circuit Decision in EM Ltd. and NML Capital v. Argentina.
December 7, 2006 Standard & Poor's Downgrades Belize's Long-Term Foreign Currency Rating to 'Select Default'.
December 6, 2006

Statement from Government of Belize on Debt Exchange Offer.

EMTA Special Presentation on 'Partial' Sovereign Restructurings: Official Sector Implications.
November 8, 2006 EM Ltd. and NML Capital v. Argentina.
October 6, 2006 EM Ltd. and NML Capital v. Argentina.
October 5, 2006

EMTA Special Seminar on "Enforcement Under the Foreign Sovereign Immunities Act”:
 
September 28, 2006 Stipulation Order in EM Ltd. and NML Suits Against Argentina.
September 20, 2006

EM Ltd. and NML Capital Suits Against Argentina Previously Under Seal.
August 9, 2006 EMTA Special Seminar on "'Partial' Sovereign Restructurings and their Implications" hosted by Clifford Chance to be held in London on October 12, 2006.
August 2, 2006 Belize Announces Debt Rearrangement.

Letter from Belize's Prime Minister Regarding Formation of Creditors Committee.
July 31, 2006

Russian Ministry of Finance Announces Second Tranche of Former USSR FTO Debt Exchange.
July 14, 2006 EMTA to Host a Special Seminar on "'Partial' Sovereign Restructurings and Their Implications: Enforcement Under the Foreign Sovereign Immunities Act” in New York City on October 5, 2006.
June 7, 2006 EMTA Special Seminar on "'Partial' Sovereign Restructurings and Their Implications”:
June 5, 2006 EM Ltd. v. Argentina.
April 24, 2006 Southern District Court Decision in Libancell v. Lebanon.
April 12, 2006 Press Release Issued by Lebanon's Finance Ministry Concerning Cancellation of Cash Portion of Eurobond Offer.
March 29, 2006

EM Sovereign Bond Charts for Ecuador and Macedonia.
March 27, 2006 Second Circuit Decision in Capital Ventures International v. Argentina.
March 2, 2006 Italian Bondholder Association (TFA) Announces ICSID Proceeding Against Argentina (in Italian).
February 25, 2006 Venezuela Announces Plans to Retire All Outstanding Par and Discount Bonds. Click Here for Spanish Version.
February 24, 2006 Southern District Court of NY Decisions in Suits Against Argentina by Greylock, Exposito and Colella and FFI Fund.

German Court Decision Against Argentina: Press Release (German), Press Release (Unofficial Translation) and Judgment (Unofficial Translation).
February 23, 2006

Brazilian Treasury Statement on Brady Bonds.
February 15, 2006

EM Sovereign Bond Chart for Iraq.
January 23, 2006 Iraq Closes Restructuring Deal.
January 19, 2006 Greylock v. Province of Mendoza Second Circuit Affirmation of District Court Decision.
December 13, 2005 GMO Emerging Country Debt Investment Fund and GMO Emerging Country Debt Fund v. Argentina.
December 1, 2005 EM Sovereign Bond Charts for Israel and Vietnam.
July 28, 2005 Iraq Announces Terms of Commercial Debt Settlement Offer.
July 19, 2005 Fontana v. Argentina and Applestein v. Buenos Aires, Second Circuit Decisions Re: Bondholder Standing to Sue.
June 29, 2005 Paris Club Sets Naples Terms for Nigeria.
June 10, 2005 Argentina's Ministry of Economy Issues Statement on Conclusion of Debt Exchange.
June 3, 2005 Argentina Bonds Credited by Euroclear to Bondholder Accounts; Settlement Date for W/I Trades is June 9.
June 2, 2005 Argentina's Ministry of Economy Issues Statement on Conclusion of Debt Exchange.

Primer for Settlement of W/I Trades in Argentina Par and Discount Bonds.

Memorandum of Law in Support of Plaintiff's Motion to Dismiss Counterclaim in NML Capital v. Argentina.
June 1, 2005 Standard & Poor's Upgrades Argentina's Long-Term Issuer Credit Rating to B-.
May 25, 2005 EM Ltd. and NML Capital Motion for Recall of Mandate and Stay of Vacatur.
May 24, 2005 District Court Upholds Vacation of Attachment Order and Restraining Notice in Argentina Litigation.

EM Sovereign Bond Chart for Dominican Republic.
May 23, 2005 Motion for Immediate Issuance of Mandate Affirmed by Second Circuit in EM Ltd. and NML Capital v. Argentina Litigation.
May 18, 2005 EM Sovereign Bond Chart for Uruguay.
May 13, 2005 EM Ltd. and NML Capital v. Argentina Second Circuit Decision.

Argentina to Challenge Unfavorable ICSID Ruling in First of Several FDI Investor Suits Brought Before World Bank Tribunal. Commentary from CSFB and Goldman Sachs.

Paris Club Accepts Russia's Offer to Prepay US$ 15 Billion of Its Debt.
May 9, 2005 Dominican Republic Announces Final Results of its Exchange Offer. English Version. Español. 
April 26, 2005 EM Ltd. and NML Capital v. Argentina Oral Argument Schedule in Second Circuit.
April 20, 2005

EM Ltd. v. Argentina Reply Brief.

NML Capital v. Argentina Reply Brief.

Amicus Brief by the Clearing House Association on Behalf of Argentina in Connection with the EM Ltd. Litigation.

Amicus Brief by the Clearing House Association on Behalf of Argentina in Connection with the NML Capital Litigation.

Amicus Brief by Argentina Pension Fund on Behalf of Argentina.

Amicus Brief by Fintech Advisory Inc. on Behalf of Argentina in Connection with the EM Ltd. Litigation.

Amicus Brief by EMCA in Connection with NML Capital v. Argentina Litigation.
April 13, 2005 EM Ltd. v. Argentina Appellee Brief.
April 7, 2005 NML Capital v. Argentina Appellate Brief.
April 6, 2005 EM Ltd. v. Argentina Appellate Brief.
April 4, 2005 Dominican Republic's Central Bank Issues Statement on Coupon due on March 27, 2005.

Second Circuit Motions Panel Granted the NML and EM Ltd. Motions for an Expedited Appeal in Litigation Against Argentina. Proposed Filing Schedule: Appellants' Brief and Appendix Due on April 6; Appellee's Brief in Opposition Due on April 13; Reply Brief Due on April 20; Appeal Ready for Argument Week of April 25.
April 1, 2005

Certification Orders in NML Capital and EM Ltd. v. Argentina Actions.

New Class Action Certifications in Litigation Against Argentina.
March 31, 2005 Transcript of Oral Argument in NML Capital v. Argentina.
March 30, 2005 EM Sovereign Bond Chart for Serbia.
March 29, 2005

Attachment Proceedings in NML Capital v. Argentina.

Restraining Notice in EM Ltd. v. Argentina.
March 18, 2005 Argentina Announces Results of Exchange Offer.
March 10, 2005 EM Sovereign Bond Charts for El Salvador and Poland.
March 8, 2005 Argentina Ministry of Finance Commentary on its Debt Exchange.
February 24, 2005 Commentary from JP Morgan on Belgian Legal Reform's Effects on Argentine Debt Restructuring.
February 16, 2005 Rabbi Jacob Joseph School v. Province of Mendoza Opinion.
February 15, 2005 GCAB: ICSID Position Paper.
February 11, 2005 EM Sovereign Bond Charts for Lithuania and Poland.
February 10, 2005 Greylock v. Province of Mendoza Opinion.
February 1, 2005 Dominican Republic Letter of Intent.
January 28, 2005

Rabbi Jacob Joseph School v. Province of Mendoza. Plaintiff's and Defendant's Memoranda of Law in Support of their Respective Motions for Leave to Join Additional Defendants.
January 24, 2005 EM Sovereign Bond Chart for Argentina (Prospectus Supplement).
January 20, 2005 "Nigeria: Waiting It out on the Oil Warrants." Alex Garrard (UBS).
January 13, 2005

Market Reacts to the Argentine Debt Restructuring Offer. Commentary from CSFB, Goldman and JP Morgan.

January 12, 2005 EM Sovereign Bond Chart for Argentina (Post-Effective Amendment No. 1).
January 6, 2005 Greylock v. Province of Mendoza. Plaintiff's and Defendant's Memoranda of Law in Opposition to their Respective Motions for Summary Judgment.
December 20, 2004 Greylock v. Province of Mendoza. Plaintiff's and Defendant's Memoranda of Law in Support of their Respective Motions for Summary Judgment.
December 16, 2004 EM Sovereign Bond Chart for Hungary.
December 9, 2004 Bondholders Won't Back IIF Principles.
November 24, 2004 Court Decides on Argentina Prospectus Language. Commentary from CSFB.
November 23, 2004 Bank of New York Resigns as Exchange Agent for Argentine Restructuring. Commentary from Citigroup and JP Morgan.
November 21, 2004 Paris Club Announces Accord on Iraqi Debt. Commentary from JP Morgan.
November 19, 2004 Transcript of Urban v. Argentina Action.
November 18, 2004 Court Allows Argentina Restructuring to Proceed. Commentary from Citigroup.
November 16, 2004 Argentina’s Briefs in Response to Urban and Retail Bondholder Suits.
November 10, 2004 GCAB Files Amicus in Support of Motion to Enjoin Argentine Exchange Offer.
November 8, 2004 EM Sovereign Bond Chart for Venezuela.

Retail Bondholder Suits Against Argentina.

November 1, 2004 IPMA's Model CACs under English Law and EMTA CAC Chart.
October 28, 2004 EM Sovereign Bond Chart for Turkey.
October 21, 2004 EM Sovereign Bond Charts for Brazil and Mendoza (a Province of Argentina).
October 20, 2004 Second Legal Action Brought Against Argentine Province of Mendoza.
October 12, 2004 Opinion in Greylock v. Province of Mendoza.
October 6, 2004 Mendoza Province of Argentina Responds to Legal Action.
October 4, 2004 EM Sovereign Bond Chart for Guatemala.
September 30, 2004 Legal Action Brought Against Mendoza Province of Argentina.
September 7, 2004 Second Circuit Affirms EM Limited's $700 Million Judgment Against Argentina.
August 4, 2004 Global Committee of Argentina Bondholders (GCAB) White Paper and Press Release Relating to Roadshows in US, Europe and Asia.
July 19, 2004 Results of Survey on Financial Innovation in the Emerging Markets Released by IMF. Click Here for Summary. Click Here for Full Report.
July 15, 2004 Press Release Issued by the Republic of Argentina.
July 14, 2004 Global Committee of Argentina Bondholders Roadshow in New York -- Presentation and Analyst Comments:
July 9, 2004 Global Committee of Argentina Bondholders Announce July 13-22 Road Show Schedules for US and Europe. Click Here for US Schedule. Click Here for Europe Schedule.
July 2, 2004 Press Release Issued by the Republic of Argentina Announcing the Filing with the SEC of a Shelf Registration.
July 1, 2004 EM Sovereign Bond Chart for Czech Republic.
June 24, 2004 EM Sovereign Bond Chart for Brazil.

S&P Issues Report on Aries Vermogensverwaltungs GmbH, Russian Federation Sovereign Credit-Linked Notes.
June 17, 2004 Calculations for Payments on Mexico VRR’s, Series B, Announced.

Calculations for Payments on Uruguay VRR's Announced.
June 16, 2004 EM Sovereign Bond Charts for Slovak Republic and Lebanese Republic.
June 9, 2004 The Paris Club Meets with Representatives of the Private Sector.
May 5, 2004 EM Sovereign Bond Chart for Philippines.
April 21, 2004

EM Sovereign Bond Chart for Croatia.

April 16, 2004 EM Sovereign Bond Chart for Pakistan.

Paris Club Press Release on Its Agreement to Restructure $193 Million of the Dominican Republic's Debt.
April 12, 2004 EMCA Letter to Russian Government Officials Regarding FTO Debt.
April 2, 2004 EM Sovereign Bond Chart for Poland.
April 1, 2004 The Pari Passu Clause -- What is Fair Treatment? (Michael M. Chamberlin).
March 29, 2004

EM Sovereign Bond Charts for Indonesia, Latvia, Philippines, Romania, Slovak Republic and Thailand.
March 27, 2004 "An Update on Argentina," Presentation Made By Guillermo Nielsen, Secretary of Finance of Argentina at the IADB Meeting in Lima. Click Here for English Version. Click Here for Spanish Version.
March 24, 2004 Argentina's March 10, 2004 Letter of Intent to the IMF.
March 23, 2004 Brussels Court Decision Reversed in Nicaragua v. LNC Investments and Euroclear.

EM Sovereign Bond Charts for Bahamas, Lithuania and Tunisia.
March 10, 2004 Transcript of Conference on March 5, 2004 Before Judge Griesa Regarding the Freezing of Bank Deposits.
February 26, 2004 EM Sovereign Bond Chart for Israel.
February 10, 2004 EM Sovereign Bond Documentation Charts for Philippines and Poland.
February 6, 2004

EM Sovereign Bond Documentation Charts for Chile and Panama.
January 30, 2004 Amended Opinion in District Court Decision in Urban v. The Republic of Argentina (Granting Class Action Certification).
January 26, 2004 Transcript of Conference on January 15, 2004 Before Judge Griesa Regarding Pari Passu.
January 23, 2004 EM Sovereign Bond Documentation Chart for Hungary.
January 22, 2004

EM Sovereign Bond Documentation Charts for Colombia and Costa Rica.
January 15, 2004

EMCA Letter States its Views on Pari Passu Question Before Judge Griesa.
January 13, 2004

U.S. Statement of Interest, New York Fed Amicus Curiae Brief, New York Clearing House Amicus Curiae Brief, Plaintiffs' Memorandum of Law and Argentina Memorandum of Law in the Macrotecnic International Corp. and EM Ltd. v. Argentina District Court Case.
January 6, 2004 District Court Decision in Urban v. The Republic of Argentina (Granting Class Action Certification).
December 4, 2003 EMTA’s Annual Meeting Focuses on Argentina.
  • EMTA Seeks to Promote Better Dialogue
    [Excerpt from Michael Chamberlin's Remarks]
  • ABC Describes their Counterproposal;
    Announces Agreement in Principles among Creditors to Form Global Steering Committee to Negotiate with Argentina.
  • Secretary Nielsen Senses Common Ground with Creditors; Reaffirms that Argentina will not Make Unilateral Offer. While declining to discuss in any detail his December 3 meeting with ABC, or his reaction to the ABC Counterproposal, Secretary Nielsen did note his sense that Argentina and its Creditors were "getting closer to common ground" in their restructuring dialogue. Click on the following links for Mr. Nielsen's speech. Click Here for English Version. Click Here for Spanish Version.
December 3, 2003

EM Sovereign Bond Documentation Chart for Peru.
November 24, 2003 Declaration of Troland Link in LNC Investments v. Nicaragua and Euroclear.
September 29, 2003 EM Sovereign Bond Documentation Chart for Turkey.
September 24, 2003 Brussels Court Decision in Nicaragua v. LNC Investments and Euroclear. For further info, pls contact awerner@emta.org.
September 20, 2003 Argentina's Ministry of Economy Releases IMF Agreement.
September 19, 2003 EM Sovereign Bond Documentation Chart for Venezuela.
September 18, 2003

District Court Decisions in EM Ltd. v.The Republic of Argentina. 
September 15, 2003

"Restructuring Sovereign Debt: The Case for Ad Hoc Machinery." September 15, 2003 - Lex Rieffel, Study Funded in Part by EMTA and IPMA.

August 25, 2003

EM Sovereign Bond Documentation Charts for Brazil and Guatemala.

July 17, 2003 EM Sovereign Bond Documentation Chart for Morocco.
June 26, 2003 Argentine Ministry of Economy Issues Communiqué to Its Creditors.
June 18, 2003

EM Sovereign Bond Documentation Charts for Belize and Ukraine.

June 12, 2003

EM Sovereign Bond Documentation Charts for Brazil and Mexico.

June 9, 2003 Chamberlin Remarks at Int’l Insolvency Institute.
June 6, 2003 "Restructuring Sovereign Debt: The Case for Ad Hoc Machinery," by Lex Rieffel, Study Funded in Part by EMTA and IPMA, to be Published in September 2003.
May 29, 2003

EM Sovereign Bond Documentation Chart for Korea.

May 23, 2003 EM Sovereign Bond Documentation Charts for Brazil, Mexico and South Africa, as well as for 2000 Ecuador and Russia.
May 15, 2003 Press Release Issued by the Argentine Ministry of Economy Regarding Formation of Investor Groups.
May 2, 2003 EM Sovereign Bond Documentation Charts for Brazil and Mexico. 
April 16, 2003 EM Sovereign Bond Documentation Charts for Mexico and Uruguay.
April 12, 2003 IMF Spring Meetings -- Official Communiques and Statements: Official Sector Lauds Mexico for Introducing CACs, SDRM Called "Not Feasible'.
February 28, 2003 Argentine Ministry of Economy Issues Communiqué to Its Creditors.
February 26, 2003 EMCA Releases Statement on Mexico's Decision to Issue Bonds Containing Collective Action Clauses (CACs).
February 24, 2003 U.S. Treasury Statement Regarding the Decision by Mexico to Issue Bonds with Collective Action Clauses.
February 3, 2003 EMTA, Other Financial Trade Ass'ns Distribute Marketable Bonds Package to G-10 Finance Ministers.
January 27, 2003 Argentina Releases IMF Letter of Intent, including Cover Letter, Memorandum of Economic Policies, Quantitative Performance Targets, and Technical Memo of Understanding.
January 21, 2003 Argentina Bondholders Committee Issues Press Release on Argentina's Agreement with the IMF.
January 16, 2003 Argentina Announces It Has Reached an Agreement with the IMF for a Stand-By Program.
January 7, 2003 IMF Board Discusses Possible Features of a Sovereign Debt Restructuring Mechanism. Click Here for IMF Paper "The Design of the Sovereign Debt Restructuring Mechanism -- Further Considerations."
December 17, 2002 EMTA, Other Trade Ass'ns Sharply Criticize IMF's SDRM Proposal and Offer Market-Based Alternative, in Comprehensive Paper Sent to G-7 Officials on December 6.
December 2, 2002 Exchange of Argentine Provincial Bonds.
December 5, 2002 EMTA 2002 Annual Meeting Highlights:
October 17, 2002 Private Sector Representatives Speak Out Against SDRM and in Favor of Marketable Contractual Alternative at IIF Conference in London.
October 4, 2002 SPECIAL REPORT

IMF to Present Concrete Proposals for its Sovereign Bankruptcy Regime (‘SDRM’) for Consideration at its Spring 2003 Meetings; At Same Time, G-7/G-10 Welcome Private Sector Progress in Developing Collective Action Clauses (‘CAC’s')

  • G-7 Statement (9/27/02)
    • Welcomes Progress both on CAC’s and SDRM
  • G-10 Communiqué (9/27/02)

    • Describes CAC’s and SDRM’s as Complementary

  • IMF Communiqué (9/28/02)

    • Welcomes Progress on CAC’s but Calls for a Concrete SDRM Proposal to be considered By IMF Membership at its Spring Meetings

  • Statement of Pedro Malan, Brazil’s Minister of Finance, to the IMFC on behalf of the IMF Constituency comprising Brazil and 8 other Latin American Countries (9/28/02)

    • Questions the Benefits, and Expresses Concerns about Potential Costs, of the SDRM

    • CAC’s Offer Better Prospects for Improving the Sovereign Debt Restructuring Process

  • Executive Summary (9/26/02) of Private Sector Trade Ass’n Views on CAC’s

    • CAC’s as the Preferred Approach to SDRM

    • CAC’s must be Marketable

    • Principles for Marketable CAC’s

    • SDRM and CAC’s are Not Compatible

  • EMTA Position (10/15/02) regarding the Quest for More Orderly Sovereign Work-Outs
September 18, 2002 Letter from the IIF to Gordon Brown, Chairman of the G-7 International Monetary and Financial Committee.
August 21, 2002 Proposed Changes to the US Foreign Sovereign Immunities Act Approved by American Bar Association House of Delegates.
August 9, 2002 A Casual Observer's Commentary on the Taylor Proposal and EMCA's Model Covenants for New Sovereign Debt Issues (5/3/02 draft).
August 7, 2002 EMTA Opposes Changes in the U.S. Sovereign Immunities Act Proposed by American Bar Association Working Group.
July 30, 2002 IMF Policy on Lending into Arrears to Private Creditors.
July 29, 2002 Press Release Issued by the Republic of Argentina.
July 15, 2002 EMTA Publishes Part (1) of a Commentary on the Taylor Proposal and on EMCA's Model Covenants for New Sovereign Debt Issues.
June 11, 2002 Financial Trade Associations Announce Broad Consensus on Market-Based Principles for Crisis Management and Sovereign Debt Restructuring. Click Here for Text of Joint Trade Association Letter.

Click Here for Press Release.
May 3, 2002 EMCA's Model Covenants for New Sovereign Debt Issues.

Argentina Bondholders' Committee Issues Principles for the Restructuring of Argentina International Bonds.

April 30, 2002 "New Policies for Economic Development." Remarks by John B. Taylor, Under Secretary for International Affairs, US Treasury at the Annual World Bank Conference on Development Economics.
April 10, 2002 Letter to the Republic of Argentina's Bondholders from Finance Secretary Lisandro Barry.
April 2, 2002 Remarks Delivered by John Taylor, Under Secretary for International Affairs at the US Treasury, on Sovereign Debt Workouts at the IIE Conference in Washington, DC.

"Revisiting the IMF’s Sovereign Bankruptcy Proposal and the Quest for More Orderly Sovereign Work-Outs." April 2, 2002 - Michael M. Chamberlin (EMTA Executive Director). (Remarks Delivered at the Institute for International Economics Conference on "Sovereign Debt Workouts: Hopes and Hazards.)

March 8, 2002 The Slide Presentation Made by Paris Club Officials at a Meeting with Private Sector Representatives Is Available at http://www.clubdeparis.org/rep_upload/presentationcomplete0.pdf.
March 5, 2002 Argentine Economy Minister Lenicov Issues Letter to EMTA Detailing Its Efforts to Open A Dialogue with External Creditors on a Resolution of the Country's Credit Situation.
February 7, 2002 "Improving the Bretton Woods Financial Institutions," Remarks by US Undersecretary of Treasury for International Affairs John Taylor.
February 6, 2002 EMTA, SIA, IPMA, ISDA and TBMA Issue Joint Letter Criticizing IMF's Proposed New Approach to Sovereign Debt Crisis Resolutions.
January 29, 2002 "The IMF's Sovereign Bankruptcy Proposal and the Quest for More Orderly Sovereign Work-outs (Revised)," Remarks by EMTA Executive Director Michael M. Chamberlin at the JP Morgan Emerging Markets Winter Conference.
January 23, 2002 "The IMF's Sovereign Bankruptcy Proposal and the Quest for More Orderly Sovereign Work-outs," Remarks by EMTA Executive Director Michael M. Chamberlin at the UN Global Conference on Financing for Development Panel on Orderly Debt Work-Outs.
December 3, 2001 Argentine Economy Minister Cavallo's Speech to Argentine Bondholders.
November 20, 2001 Argentine Economy Minister Cavallo Issues Letter to Holders of Argentine Bonds.
November 9, 2001

"At the Frontier of Exit Consents," Remarks by Michael Chamberlin at Bear Stearns/EMCA Conference.

May 17, 2001

Remarks Made By EMTA Executive Director Michael M. Chamberlin at Asia Society Conference on the Asian Debt Markets.

May 1, 2001 EMTA Executive Director Michael Chamberlin to Speak at May 17 Asia Society Conference on Asian Debt Markets
April 25, 2001 Paris Club Website Now Available.

The Paris Club has informed us that their new website (www.clubdeparis.org) became operational this morning. EMTA believes that this is a significant step toward greater Paris Club transparency, and we encourage all market participants to visit and review the new website and help us to evaluate its usefulness.
April 10, 2001 EMTA Issues Memo on April 3 Paris Club Meeting.
April 3, 2001 Private Sector meets with Paris Club to Discuss Greater Transparency, Dialogue.

Paris Club Presentation on Comparability of Treatment.
February 15, 2001 Today's Emerging Markets: Building an Asset Class with More Meaningful Investor Rights." - Presentation by EMTA Executive Director Michael Chamberlin at the MAR Hedge Fund Conference, Geneva.
February 13, 2001 EMTA Issues Policy Paper - "Burden-Sharing in 2001: Now is the Time to Reform the Paris Club."
January 24, 2001