The English High Court just ruled in Assenagon Asset Management S.A. v. Irish Bank Resolution … [Read more...]
The Awesome Pari Passu Hearing
The Second Circuit argument in NML v. Argentina was awesome--I was at the edge of my seat the whole … [Read more...]
Sovereign Friday Bits: Pari Passu Preview; DRC Wins in Jersey
The panel for Monday's Second Circuit hearing in NML v. Argentina is Judges Raggi, Pooler and … [Read more...]
Pari Passu U on July 23 at 3 (unless they change it again)
The NML [Elliott] v. Argentina pari passu argument was rescheduled yet again, to July 23. While we … [Read more...]
Pari Passu Argument Moved to July 18
Alas, we must slog through another month to find out how it ends. The NML v. Argentina argument in … [Read more...]
Edge of Reason: Paripassupalooza on Capitol Hill
Like the rest of us, the U.S. Congress cannot wait until the Second Circuit argument on pari passu, … [Read more...]
Sovereign Restructuring after NML v. Argentina: CACs Don’t Make Pari Passu Go Away
A remarkable number of people are buying the creditors' argument that widespread introduction … [Read more...]
Pari Passu: So Passe! (Extractive Edition)
Felix Salmon stays with the Argentina pari passu saga, about which I wrote here. The holdout … [Read more...]
Revival on the Head of a Pin: Do U Pari Passu?
Argentina and its most intransigent creditors are duking it out again (or still) in the Second … [Read more...]
At Last, A Credible Threat of Default: Too Little-Too Late Eupdate?
At long last, Greece is starting to resemble a normal restructuring--you know, the kind where the … [Read more...]
The Disorderly Default in Your Closet Eupdate
Another day, another Greek deal to end them all (more on that soon). Amid the political din, legal … [Read more...]
The Crisis of Fake Constraints: Greek Denouement Eupdate
Unless Greece and its creditors reach a deal in the next few days, Greece has no money to pay €15 … [Read more...]
Greek VoluntaryInvolutary DealNoDealDeal: Convolution Eupdate
Will Greece reach a voluntary deal with its creditors to write down its debt by 50% in the coming … [Read more...]
This-Is-It EU Summit Eupdate
A few quick thoughts as the Make-or-Break, Life-or-Death, Now-or-Never EU Summit gets … [Read more...]
Never Mind Eupdate, Greek Referendum Edition
No more referendum. Still my candidate for the most important moment in this crisis. The possibility … [Read more...]
Regulatory Bankruptcy
My Jotwell review of Sarah Woo's last article is here. … [Read more...]
Call for Papers: Financial Institutions and Consumer Financial Services Section
There is still time to submit for this Call for Papers -- the extended window is closing on … [Read more...]
Conference on the Debt Crisis in the Eurozone
If you happen to be in Reykjavik or thereabouts in early October--or scouting the web for papers … [Read more...]
Defies Credulity Eupdate
Bad news: Eupdate is back. The last big fix to the European debt crisis, quietly unraveling since … [Read more...]
Our D-Word: Ecuador, Not Greece
In the inane and insane case the United States does skip a debt payment, please let us skip the … [Read more...]
Financial Institutions Palooza at the Association of American Law Schools Annual Meeting
The Section on Financial Institutions and Consumer Financial Services will have a record four events … [Read more...]