Sovereign bond collective action clauses: issues arising

Sovereign bond collective action clauses: issues arising

jibfl_feb2015In a period of continuing economic turmoil, the need for effective and fair sovereign debt restructuring has become ever more pressing. The role of collective action clauses (CAC) in that process has correspondingly been under increasing scrutiny. Attempts to regulate in this area led to the introduction of the Euro Area Model CAC 2012 for Euro government securities issued after 31 December 2012 with a maturity of more than one year. That was followed in October 2014 by the publicatio

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About the author:

Neeta has been working as a paralegal in Banking and Insolvency for the past 4 and a half years.

She started her legal career at Allen & Overy in 2008 in the midst of the global financial crisis and the collapse of Lehmans where she gained most of her experience.

Neeta also did a short stint in litigation at the Revenue and Customs Prosecutions Office. Neeta graduated with a 2:1 honours degree from University of London, Queen Mary College and went on to obtain a distinction from the College of Law in the Legal Practice Course. She moved to Lexis®PSL in April 2013.