Recent and Potential Litigation in EM Recent and Potential Litigation in EM
Recent and Potential Litigation in EM Area




EMTA Presents:

Recent and Potential Litigation in EM Area*
Video-linked New York and London venues

Monday, March 9, 2009

New York: EMTA
360 Madison Avenue, 17th Floor
(on 45th St. between Madison and 5th Aves.)

12:00 noon – 2:30 p.m.
Lunch will be served

London: Herbert Smith LLP
Exchange House
Primrose Street
London  EC2A 2HS

4:00 p.m. – 6:30 p.m.

Drinks will be served

Panelists include:

Adam Johnson/Simon Bushell, Herbert Smith (London)

Timothy DeSieno, Bingham McCutchen (NY)

Lee Buchheit, Cleary Gottlieb Steen & Hamilton (NY)

James Kerr, Davis Polk & Wardwell (NY)

Danforth Newcomb, Shearman & Sterling (NY)

Lisa Schineller, Standard & Poors (NY)

Mark Rosenberg, Sullivan & Cromwell (NY)


The purpose of the March 9 panel is to discuss recent litigation against Argentina and other Emerging Market sovereigns, as well as potential litigation relating to Ecuador’s payment on its 2015 Bonds (and declaration of “illegitimacy” on its 2012 and 2030 Bonds).  Topics to be covered include odious debt, market manipulation concerns, sovereign immunity, the pari passu clause, attachment and injunctions, as well as rating agency implications of distressed debt exchange offers and similar restructurings.

*This presentation is part of EMTA’s Legal & Compliance Seminars, and CLE credit will be available for NY attorneys. Law Society CPD credit will also be available for lawyers in England. 

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; and The Argentina Precedent: Will Others Follow?

This Legal & Compliance Seminaris 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.

Views expressed by panelists and presenters are their own and do not necessarily reflect those of EMTA or of any of its member firms.


CLICK HERE to register online
CLICK HERE for Print/Fax form
CLICK HERE to register online
CLICK HERE for Print/Fax form


If you have any questions or comments,
Please contact


Aviva Werner at +212 313 1010
Starla Griffin at +020 7996 3165