EMTA Presents:
Foreign Sovereign Immunities Act – A Primer
Wednesday, October 21, 2009
New York: EMTA
360 Madison Ave, 17th Floor
(on 45th St. between Madison and 5th Aves.)
12:00 noon – 1:30 pm
Lunch will be served
Underlying the value of a sovereign debt is its enforceability, and enforcing a claim against a sovereign, or defending a sovereign against such a claim, raises very sophisticated legal and policy questions. Simply put, recent developments in this area cannot be understood, and future trends cannot be anticipated, without a deeper understanding of the origin and evolution of the law of sovereign immunity than most market participants or their legal advisors now have. This seminar is intended to provide the foundation that is needed to understand how sovereign claims can be successfully asserted (and collected) or defended. This seminar forms part of a series of meetings EMTA initiated in 2006 (the first of which focused on How a Ratings Agency Brings a Country Out of Default) designed to explore issues of relevance to participants in today’s Emerging Markets and to promote greater transparency and efficiency in the EM trading and investment marketplace. (Later panels have focused on Enforcement under the Foreign Sovereign Immunities Act; Partial Sovereign Restructurings; Some Official Sector Implications; The Argentina Precedent: Will Others Follow and Ecuador's Tender Offer.) Rather than merely an introduction to the topic, think of this as providing the key to understanding a critical aspect of what determines the underlying value of assets in our marketplace.
This seminar will be presented by James Kerr of Davis, Polk & Wardwell and is part of EMTA’s Legal & Compliance Seminars, and CLE credit will be available for NY attorneys.
Views expressed by the presenter are his own and does not necessarily reflect those of EMTA or of any of its member firms.
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