Queen Mary University of London

This Practice Note, produced in partnership with Rodrigo Olivares-Caminal, Professor in Banking and Finance Law at Queen Mary University of London and Principal of Pari Passu Consulting Ltd, looks at the use of collective action clauses (CACs) (also known as majority action clauses) in bond restructurings.

This Practice Note, produced in partnership with Rodrigo Olivares-Caminal, Professor in Banking and Finance Law at Queen Mary University of London and Principal of Pari Passu Consulting Ltd, covers sources of sovereign debt financing, difficulties with sovereign debt restructuring, the aim of sovereign debt restructuring and lessons from the Greek sovereign debt restructuring, including the use of exit consents and collective action clauses (CACs).

This Practice Note, produced in partnership with Rodrigo Olivares-Caminal, Professor in Banking and Finance Law at Queen Mary University of London and Principal of Pari Passu Consulting Ltd, looks at litigation issues arising in sovereign debt situations, including deciding which country to take enforcement action in, sovereign or state immunity and enforcing a judgment against a sovereign.

This Practice Note, produced in association with Rodrigo Olivares-Caminal, Professor in Banking and Finance Law at Queen Mary University of London and Principal of Pari Passu Consulting Ltd, covers sovereign debt restructuring techniques, particularly collective action clauses (or CACs), the Sovereign Debt Restructuring Mechanism (SDRM) and exit consents.