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Google Keyword Rankings for : greece debt collective action clause
1
Restructuring Sovereign Debt Under Local Law: Are Retrofit ...
https://www.hblr.org/2012/05/retrofit-collective-action-clauses/
Additionally, the bonds governed under Greek law were not drafted with a collective action clause (“CAC”). ... CACs are clauses in loan agreements ...
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https://www.hblr.org/2012/05/retrofit-collective-action-clauses/
Additionally, the bonds governed under Greek law were not drafted with a collective action clause (“CAC”). ... CACs are clauses in loan agreements ...
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2
Do Enhanced Collective Action Clauses Affect Sovereign ...
https://www.imf.org/-/media/Files/Publications/WP/2020/English/wpiea2020162-print-pdf.ashx
This paper analyzes the effects of including collective action clauses (CACs) and enhanced. CACs in international (nondomestic law-governed) ...
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https://www.imf.org/-/media/Files/Publications/WP/2020/English/wpiea2020162-print-pdf.ashx
This paper analyzes the effects of including collective action clauses (CACs) and enhanced. CACs in international (nondomestic law-governed) ...
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3
A Greek odyssey: Greece's sovereign debt restructuring and ...
https://www.dlapiper.com/en/us/insights/publications/2012/03/a-greek-odyssey-greeces-sovereign-debt-restructu__/
In particular, the Greek Bondholder Law contained a collective action clause that had the effect of cramming down non-consenting bondholders ...
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https://www.dlapiper.com/en/us/insights/publications/2012/03/a-greek-odyssey-greeces-sovereign-debt-restructu__/
In particular, the Greek Bondholder Law contained a collective action clause that had the effect of cramming down non-consenting bondholders ...
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4
Restructuring Government Debt Under Local Law: The Greek ...
https://blogs.law.ox.ac.uk/business-law-blog/blog/2017/03/restructuring-government-debt-under-local-law-greek-experience-and
Greece, the paper seeks to delineate the legal boundaries within which Eurozone countries (which have all ratified the ECHR) may cut their ...
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https://blogs.law.ox.ac.uk/business-law-blog/blog/2017/03/restructuring-government-debt-under-local-law-greek-experience-and
Greece, the paper seeks to delineate the legal boundaries within which Eurozone countries (which have all ratified the ECHR) may cut their ...
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5
Buying Back Greek Debt Rewarded Hedge Funds
https://www.nytimes.com/2012/12/24/business/global/greek-bond-buyback-may-have-been-cheaper-under-collective-action-clause.html
They argued that collective action clauses have a legitimate function: to help near-bankrupt countries reach debt restructuring agreements ...
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https://www.nytimes.com/2012/12/24/business/global/greek-bond-buyback-may-have-been-cheaper-under-collective-action-clause.html
They argued that collective action clauses have a legitimate function: to help near-bankrupt countries reach debt restructuring agreements ...
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6
Single-limb collective action clauses - European Parliament
https://www.europarl.europa.eu/RegData/etudes/BRIE/2019/637974/EPRS_BRI(2019)637974_EN.pdf
While the EU Member States that are in the euro area decided in. 2011 to include two-limb CACs in sovereign debt issued after 2013, the Greek restructuring.
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https://www.europarl.europa.eu/RegData/etudes/BRIE/2019/637974/EPRS_BRI(2019)637974_EN.pdf
While the EU Member States that are in the euro area decided in. 2011 to include two-limb CACs in sovereign debt issued after 2013, the Greek restructuring.
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7
The Greek Debt Restructuring: An Autopsy
https://www.aeaweb.org/conference/2014/retrieve.php?pdfid=1084
bond, as best we know, did not contain a collective action clause. The Greek-law guaranteed bonds also either did.
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https://www.aeaweb.org/conference/2014/retrieve.php?pdfid=1084
bond, as best we know, did not contain a collective action clause. The Greek-law guaranteed bonds also either did.
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8
Collective action clause - Wikipedia
https://en.wikipedia.org/wiki/Collective_action_clause
A collective action clause (CAC) allows a supermajority of bondholders to agree to a debt restructuring that is legally binding on all holders of the bond, ...
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https://en.wikipedia.org/wiki/Collective_action_clause
A collective action clause (CAC) allows a supermajority of bondholders to agree to a debt restructuring that is legally binding on all holders of the bond, ...
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9
The Euro Area's Collective Action Clause - De Gruyter
https://www.degruyter.com/document/doi/10.1515/9783110314526.3/html
2 Greece has gone through a successful restructuring of its bond debt including a recent buy-back programme. This is a good time to take a breath and focus more ...
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https://www.degruyter.com/document/doi/10.1515/9783110314526.3/html
2 Greece has gone through a successful restructuring of its bond debt including a recent buy-back programme. This is a good time to take a breath and focus more ...
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10
The Greek Debt Restructuring: An Autopsy
https://scholarship.law.duke.edu/faculty_scholarship/2660/
sovereign debt, Greece, creditors, sovereign bonds, CACs, Collective Action Clause, Eurozone, debt restructuring, default, risk, bondholders, debt relief ...
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https://scholarship.law.duke.edu/faculty_scholarship/2660/
sovereign debt, Greece, creditors, sovereign bonds, CACs, Collective Action Clause, Eurozone, debt restructuring, default, risk, bondholders, debt relief ...
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11
Lessons from the 2012 Greek debt restructuring | CEPR
https://cepr.org/voxeu/columns/lessons-2012-greek-debt-restructuring
While retrofitting collective action clauses ensured that the entire stock of Greek-law bonds (€177 billion) was exchanged, some holders of ...
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https://cepr.org/voxeu/columns/lessons-2012-greek-debt-restructuring
While retrofitting collective action clauses ensured that the entire stock of Greek-law bonds (€177 billion) was exchanged, some holders of ...
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12
Greek Sovereign Debt Q&A
https://www.isda.org/a/0vDDE/greeksovqandaupdate2012-01-16-final.pdf
(Greece). UPDATE JANUARY 16, 2012: The possibility of retrospectively applying Collective Action Clauses (CACs) to existing. Greek debt has been discussed ...
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https://www.isda.org/a/0vDDE/greeksovqandaupdate2012-01-16-final.pdf
(Greece). UPDATE JANUARY 16, 2012: The possibility of retrospectively applying Collective Action Clauses (CACs) to existing. Greek debt has been discussed ...
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13
Euro area member states take collective action to facilitate ...
https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2012/11/euro_area_member_states.pdf
What is a collective action clause. (CAC)?. A CAC is a contractual provision which can facilitate sovereign debt restructurings by minimising "hold- out" ...
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https://www.cliffordchance.com/content/dam/cliffordchance/briefings/2012/11/euro_area_member_states.pdf
What is a collective action clause. (CAC)?. A CAC is a contractual provision which can facilitate sovereign debt restructurings by minimising "hold- out" ...
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14
Collective action clauses and beyond: Negotiated public debt ...
https://blogs.kcl.ac.uk/kslrcommerciallawblog/2020/07/03/collective-action-clauses-and-beyond-negotiated-public-debt-restructuring-in-eu-investment-protection-agreements-enrico-tinti/
On the contrary, Greek statutory clauses featured an aggregation mechanism involving single-limb voting structure with a lower voting threshold, ...
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https://blogs.kcl.ac.uk/kslrcommerciallawblog/2020/07/03/collective-action-clauses-and-beyond-negotiated-public-debt-restructuring-in-eu-investment-protection-agreements-enrico-tinti/
On the contrary, Greek statutory clauses featured an aggregation mechanism involving single-limb voting structure with a lower voting threshold, ...
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15
Collective action clauses in the euro area - SSRN Papers
https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3484608_code2499785.pdf?abstractid=3318570
identical collective action clauses (CACs) will be included, in such a way ... in a debt restructuring, with Greece being a case in point,8 Euro CACs were ...
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https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID3484608_code2499785.pdf?abstractid=3318570
identical collective action clauses (CACs) will be included, in such a way ... in a debt restructuring, with Greece being a case in point,8 Euro CACs were ...
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16
Boundary objects in complex governance systems: collective ...
https://www.tandfonline.com/doi/abs/10.1080/13501763.2022.2143867
The notion of collective action clauses (CACs)—a private contractual term in bond documentation that enables bondholder coordination—was ...
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https://www.tandfonline.com/doi/abs/10.1080/13501763.2022.2143867
The notion of collective action clauses (CACs)—a private contractual term in bond documentation that enables bondholder coordination—was ...
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17
Lessons from the Argentine Perspective - Latin Lawyer
https://latinlawyer.com/guide/the-guide-restructuring/second-edition/article/lessons-the-argentine-perspective
Argentina has gone through two sovereign debt restructuring processes, ... The inclusion of this collective action clause constituted a new ...
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https://latinlawyer.com/guide/the-guide-restructuring/second-edition/article/lessons-the-argentine-perspective
Argentina has gone through two sovereign debt restructuring processes, ... The inclusion of this collective action clause constituted a new ...
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18
A Sovereign Debt Restructuring Framework for the Euro Area
https://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=2741&context=ilj
bondholders by retrofitting collective action clauses (“CACs”) to. Greek-law bonds, as mandated in the conditions of the Second.
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https://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=2741&context=ilj
bondholders by retrofitting collective action clauses (“CACs”) to. Greek-law bonds, as mandated in the conditions of the Second.
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19
"The Wonder-Clause" by Anna Gelpern and Mitu Gulati
https://scholarship.law.georgetown.edu/facpub/1281/
... called Collective Action Clauses, or CACs. CACs are supposed to help governments and private creditors to renegotiate unsustainable debt contracts, ...
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https://scholarship.law.georgetown.edu/facpub/1281/
... called Collective Action Clauses, or CACs. CACs are supposed to help governments and private creditors to renegotiate unsustainable debt contracts, ...
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20
Collective action clause definition | Capital.com
https://capital.com/collective-action-clause-definition
A collective action clause (CAC) allows a qualified majority of bondholders to agree to a legally binding debt restructuring. This restructuring is then ...
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https://capital.com/collective-action-clause-definition
A collective action clause (CAC) allows a qualified majority of bondholders to agree to a legally binding debt restructuring. This restructuring is then ...
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21
Could Collective Action Clauses have saved Argentina's ...
https://harvardilj.org/2016/04/could-collective-action-clauses-have-saved-argentinas-presidential-plane/
CACs are increasingly lauded as the ex-ante remedy to sovereigns on the precipice of default, as they facilitate meaningful debt restructuring. They are ...
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https://harvardilj.org/2016/04/could-collective-action-clauses-have-saved-argentinas-presidential-plane/
CACs are increasingly lauded as the ex-ante remedy to sovereigns on the precipice of default, as they facilitate meaningful debt restructuring. They are ...
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22
Review of New Enhanced Collective Action Clauses in ...
https://www.stern.nyu.edu/sites/default/files/assets/documents/2018%20Kvam.pdf
In the case of Greece's 2011 restructuring, where collective action clauses had been included in the terms of the debt, they were shown to ...
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https://www.stern.nyu.edu/sites/default/files/assets/documents/2018%20Kvam.pdf
In the case of Greece's 2011 restructuring, where collective action clauses had been included in the terms of the debt, they were shown to ...
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23
Sovereign Debt and Collective Action Clauses - Opinio Juris
http://opiniojuris.org/2012/02/24/sovereign-debt-and-collective-action-clauses/
Greece is hoping bondholders will write off over €100 billion ($132.4 billion) of debt in a voluntary bond swap. But in an attempt to ensure the ...
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http://opiniojuris.org/2012/02/24/sovereign-debt-and-collective-action-clauses/
Greece is hoping bondholders will write off over €100 billion ($132.4 billion) of debt in a voluntary bond swap. But in an attempt to ensure the ...
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24
View of Enforcing sovereign debt in court
https://viennalawreview.com/index.php/vlr/article/view/20/14
Retrofitting Collective Action Clauses (CACs) to Greek-Law Bonds p. 41 ... Sovereign Debt Litigation in Domestic Courts – An Overview p. 44.
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https://viennalawreview.com/index.php/vlr/article/view/20/14
Retrofitting Collective Action Clauses (CACs) to Greek-Law Bonds p. 41 ... Sovereign Debt Litigation in Domestic Courts – An Overview p. 44.
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25
The governments' man when creditors bay - Reuters
https://www.reuters.com/article/us-sovereign-buchheit/the-governments-man-when-creditors-bay-idUSBRE84M0M120120523
NEW YORK (Reuters) - If any other European countries were to follow Greece into a debt default, Athens can recommend a lawyer.
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https://www.reuters.com/article/us-sovereign-buchheit/the-governments-man-when-creditors-bay-idUSBRE84M0M120120523
NEW YORK (Reuters) - If any other European countries were to follow Greece into a debt default, Athens can recommend a lawyer.
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26
Tag Archives: Collective action clause - Dirk Niepelt
https://www.niepelt.ch/tag/collective-action-clause/
Most French and Italian [but not Greek] debt is governed by local law. … the governments could pass legislation redenominating their bonds from euros to ...
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https://www.niepelt.ch/tag/collective-action-clause/
Most French and Italian [but not Greek] debt is governed by local law. … the governments could pass legislation redenominating their bonds from euros to ...
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27
Engineering an Orderly Greek Debt Restructuring - UVA Law
https://www.law.virginia.edu/scholarship/publication/g-mitu-gulati/1317581
... outright default: (1) “retrofitting” and using a collective action clause (CAC) that would allow the vast majority of outstanding Greek government bonds ...
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https://www.law.virginia.edu/scholarship/publication/g-mitu-gulati/1317581
... outright default: (1) “retrofitting” and using a collective action clause (CAC) that would allow the vast majority of outstanding Greek government bonds ...
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28
The pari passu clause in sovereign debt instruments
https://www.bis.org/publ/bppdf/bispap72u.pdf
unsecured debt obligations (syndicated loan agreements and bond issuances). To ... One is the use of collective action clauses (CACs),.
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https://www.bis.org/publ/bppdf/bispap72u.pdf
unsecured debt obligations (syndicated loan agreements and bond issuances). To ... One is the use of collective action clauses (CACs),.
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29
The Impact of the Introduction of Uniform European Collective ...
https://www.mdpi.com/1911-8074/14/1/1/htm
Here it is stated that “Collective Action Clauses shall be included, ... This is of interest, because imposing a restructuring debt of Greece, ...
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https://www.mdpi.com/1911-8074/14/1/1/htm
Here it is stated that “Collective Action Clauses shall be included, ... This is of interest, because imposing a restructuring debt of Greece, ...
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30
Greek Exchange Bond Collective Action Clause
https://de.trexel.com/wp-content/uploads/formidable/3/greek-exchange-bond-collective-action-clause.pdf
Peru settled in greek debt exchanges in a reorg account please login to ... be hidden: collective action clauses did not a greek exchange bond collective ...
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https://de.trexel.com/wp-content/uploads/formidable/3/greek-exchange-bond-collective-action-clause.pdf
Peru settled in greek debt exchanges in a reorg account please login to ... be hidden: collective action clauses did not a greek exchange bond collective ...
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31
Making Enhanced CACs the Rule: A Proposed Amendment of ...
https://www.cigionline.org/documents/1497/PB%20no.137web.pdf
Collective action clauses (CACs) — ... sovereign debt restructurings by providing, within bond ... proven in Greece's debt restructuring of 2012 in.
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https://www.cigionline.org/documents/1497/PB%20no.137web.pdf
Collective action clauses (CACs) — ... sovereign debt restructurings by providing, within bond ... proven in Greece's debt restructuring of 2012 in.
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32
How to restructure Euro area sovereign debt in the era ... - NCBI
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7454476/
This is the advantage that enabled Greece to restructure a major portion of ... Residual stock of bonds without collective action clauses ...
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https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7454476/
This is the advantage that enabled Greece to restructure a major portion of ... Residual stock of bonds without collective action clauses ...
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33
Sovereign Debt Restructuring: Recent Issues and Reforms
https://www.rba.gov.au/publications/bulletin/2014/dec/pdf/bu-1214-9.pdf
and its creditors.2 The clauses work by binding all ... Limitations of collective action clauses ... The 2012 Greek debt restructuring is a recent case.
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https://www.rba.gov.au/publications/bulletin/2014/dec/pdf/bu-1214-9.pdf
and its creditors.2 The clauses work by binding all ... Limitations of collective action clauses ... The 2012 Greek debt restructuring is a recent case.
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34
Collective Action Clauses, a well established provision is ...
https://www.lexology.com/library/detail.aspx?g=cb55f13d-afd5-42af-b3ae-370555aafe3c
To further encourage creditor participation, clauses are recommended to require the borrower to be transparent as to its economic condition so ...
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https://www.lexology.com/library/detail.aspx?g=cb55f13d-afd5-42af-b3ae-370555aafe3c
To further encourage creditor participation, clauses are recommended to require the borrower to be transparent as to its economic condition so ...
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35
Collective Action Clauses as a Solution to Holdouts in Puerto ...
https://scholarlycommons.law.northwestern.edu/cgi/viewcontent.cgi?article=1835&context=njilb
traced back to the loan made by the Greek sanctuary of Delos in the fourth ... Pari Passu and Collective Action Clauses in Sovereign Debt ...
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https://scholarlycommons.law.northwestern.edu/cgi/viewcontent.cgi?article=1835&context=njilb
traced back to the loan made by the Greek sanctuary of Delos in the fourth ... Pari Passu and Collective Action Clauses in Sovereign Debt ...
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36
Sovereign Debt Restructuring | United Nations
https://www.un.org/en/desa/sovereign-debt-restructuring
It made it clear that their way out was to rely on litigation. This fostered innovations in contractual clauses, such as Collective Action Clauses to solve ...
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https://www.un.org/en/desa/sovereign-debt-restructuring
It made it clear that their way out was to rely on litigation. This fostered innovations in contractual clauses, such as Collective Action Clauses to solve ...
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37
Collective action clause – gavc law – geert van calster
https://gavclaw.com/tag/collective-action-clause/
The case concerns the retrofit introduction of CACs – Collective Action Clauses, in Greek bonds, allowing the amendment to the initial borrowing terms by ...
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https://gavclaw.com/tag/collective-action-clause/
The case concerns the retrofit introduction of CACs – Collective Action Clauses, in Greek bonds, allowing the amendment to the initial borrowing terms by ...
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38
Collective Action Clause (CAC) Definition - Nasdaq
https://www.nasdaq.com/glossary/c/collective-action-clause
CAC allows bondholders to agree on debt restructuring even when some bondholders are against restructuring as long as majority agrees.
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https://www.nasdaq.com/glossary/c/collective-action-clause
CAC allows bondholders to agree on debt restructuring even when some bondholders are against restructuring as long as majority agrees.
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39
2 Contractual Background of Sovereign Debt Litigation
https://academic.oup.com/book/43010/chapter/361341387
Chapter 2 set out the panoply of collective action clauses found in sovereign debt documentation, and in particular majority action clauses which allow the ...
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https://academic.oup.com/book/43010/chapter/361341387
Chapter 2 set out the panoply of collective action clauses found in sovereign debt documentation, and in particular majority action clauses which allow the ...
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40
Overview: Restructuring of Greek Sovereign Debt
https://globalrestructuringreview.com/review/europe-middle-east-and-africa-restructuring-review/2017/article/overview-restructuring-of-greek-sovereign-debt
The Greek sovereign debt crisis and the consequent wider eurozone ... to accept through the use of collective action clauses) the Greek ...
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https://globalrestructuringreview.com/review/europe-middle-east-and-africa-restructuring-review/2017/article/overview-restructuring-of-greek-sovereign-debt
The Greek sovereign debt crisis and the consequent wider eurozone ... to accept through the use of collective action clauses) the Greek ...
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41
The Future of Involuntary Sovereign Debt Restructurings
https://www.duo.uio.no/bitstream/handle/10852/72605/Cristin.+Revised+version+for+resubmission.+CMLJ.+Mamatas+and+Others+v.+Greece.+Sovereign+Debt+Restructuring.+Astrid+Iversen%2C+University+of+Oslo.pdf?sequence=2
Collective action clauses, European Convention of Human Rights, Greece, protection of property, sovereign debt restructuring, unilateral change of contract, ...
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https://www.duo.uio.no/bitstream/handle/10852/72605/Cristin.+Revised+version+for+resubmission.+CMLJ.+Mamatas+and+Others+v.+Greece.+Sovereign+Debt+Restructuring.+Astrid+Iversen%2C+University+of+Oslo.pdf?sequence=2
Collective action clauses, European Convention of Human Rights, Greece, protection of property, sovereign debt restructuring, unilateral change of contract, ...
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42
A People's History of Collective Action Clauses - ResearchGate
https://www.researchgate.net/publication/256039529_A_People's_History_of_Collective_Action_Clauses
For two decades, collective action clauses (CACs) have been part of the official-sector response to sovereign debt crisis, justified by ...
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https://www.researchgate.net/publication/256039529_A_People's_History_of_Collective_Action_Clauses
For two decades, collective action clauses (CACs) have been part of the official-sector response to sovereign debt crisis, justified by ...
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43
Collective Action Clauses Sovereign Bondholders Cornered
https://scholar.smu.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=1415&context=lbra
instruments are being loaded with legal facilitators (the collective action clauses, exit consents, etc.) that allow the debtor to lessen their debt bur-.
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https://scholar.smu.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=1415&context=lbra
instruments are being loaded with legal facilitators (the collective action clauses, exit consents, etc.) that allow the debtor to lessen their debt bur-.
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44
Governing Law in Sovereign Debt – Lessons from the Greek ...
https://www2.nycbar.org/pdf/report/uploads/20072390-GoverningLawinSovereignDebt.pdf
collective action clauses, a key feature of virtually all precedent sovereign debt swaps in recent years. The use of Greek governing law, on the other hand, ...
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https://www2.nycbar.org/pdf/report/uploads/20072390-GoverningLawinSovereignDebt.pdf
collective action clauses, a key feature of virtually all precedent sovereign debt swaps in recent years. The use of Greek governing law, on the other hand, ...
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45
Sovereign Debt Restructuring in Europe - Wiley Online Library
https://onlinelibrary.wiley.com/doi/10.1111/1758-5899.12531
Strengthening collective action clauses – the solution proposed by ... With the sole exception of the belated Greek debt restructuring of ...
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https://onlinelibrary.wiley.com/doi/10.1111/1758-5899.12531
Strengthening collective action clauses – the solution proposed by ... With the sole exception of the belated Greek debt restructuring of ...
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46
Euro CAC and the existing rules on sovereign debt ...
https://cadmus.eui.eu/handle/1814/44632
After explaining the role of Collective Action Clauses (CAC), this paper explores how these have been developed in the 'statutory' CAC operation in Greece ...
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https://cadmus.eui.eu/handle/1814/44632
After explaining the role of Collective Action Clauses (CAC), this paper explores how these have been developed in the 'statutory' CAC operation in Greece ...
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47
Too Big to Fail - Towards a Sovereign Bankruptcy Regime
https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=1800&context=cilj
which means that Greece will not repay some of its debt owed to private ... essentially contractual and relies on Collective Action Clauses (CACs).
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https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=1800&context=cilj
which means that Greece will not repay some of its debt owed to private ... essentially contractual and relies on Collective Action Clauses (CACs).
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48
Collective action clauses: how the Argentina litigation ...
https://www.shearman.com/~/media/Files/NewsInsights/Publications/2017/05/Collective-Action-Clauses--CMLJ-CM050117.pdf
In the recent Belize, Ukraine, Greece and Naftogaz debt restructurings,47 CACs contained (or added later by amendment or local law) in the debt.
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https://www.shearman.com/~/media/Files/NewsInsights/Publications/2017/05/Collective-Action-Clauses--CMLJ-CM050117.pdf
In the recent Belize, Ukraine, Greece and Naftogaz debt restructurings,47 CACs contained (or added later by amendment or local law) in the debt.
→ Check Latest Keyword Rankings ←
49
A People's History of Collective Action Clauses
https://scholarship.law.unc.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=1323&context=faculty_publications
M. Kletzer, Sovereign Bond Restructuring: Collective Action Clauses and ... See Jeromin Zettelmeyer et al., The Greek Debt Restructuring: An Autopsy 11–12 ( ...
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https://scholarship.law.unc.edu/cgi/viewcontent.cgi?referer=&httpsredir=1&article=1323&context=faculty_publications
M. Kletzer, Sovereign Bond Restructuring: Collective Action Clauses and ... See Jeromin Zettelmeyer et al., The Greek Debt Restructuring: An Autopsy 11–12 ( ...
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50
Chapter 5. Managing sovereign debt - World Bank
https://www.worldbank.org/en/publication/wdr2022/brief/chapter-5-managing-sovereign-debt
Gross general government debt as a share of GDP by country income group, 2010–20 ... and collective action clauses (CACs), which may lead to a more rapid ...
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https://www.worldbank.org/en/publication/wdr2022/brief/chapter-5-managing-sovereign-debt
Gross general government debt as a share of GDP by country income group, 2010–20 ... and collective action clauses (CACs), which may lead to a more rapid ...
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51
From Pigs to Hogs | Penn Law
https://www.law.upenn.edu/live/files/3944-the-sovereign-debt-market-from-pigs-to-hogspdf
guaranteed bonds during the Greek debt restructuring of 2012, ... in any contingent debt restructuring (Collective Action Clauses or CACs). And, it.
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https://www.law.upenn.edu/live/files/3944-the-sovereign-debt-market-from-pigs-to-hogspdf
guaranteed bonds during the Greek debt restructuring of 2012, ... in any contingent debt restructuring (Collective Action Clauses or CACs). And, it.
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52
Working Paper 13-8: The Greek Debt Restructuring: An Autopsy
https://www.piie.com/sites/default/files/publications/wp/wp13-8.pdf
bond, as best we know, did not contain a collective action clause. The Greek-law guaranteed bonds also either did.
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https://www.piie.com/sites/default/files/publications/wp/wp13-8.pdf
bond, as best we know, did not contain a collective action clause. The Greek-law guaranteed bonds also either did.
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53
Holdouts, haircuts and the effectiveness of CACs - EconStor
https://www.econstor.eu/bitstream/10419/228645/1/1744404194.pdf
Keywords: Sovereign default, debt restructuring, international financial architecture ... Collective Action Clauses: For each bond, we gather information on ...
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https://www.econstor.eu/bitstream/10419/228645/1/1744404194.pdf
Keywords: Sovereign default, debt restructuring, international financial architecture ... Collective Action Clauses: For each bond, we gather information on ...
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54
Collective action clauses | Legal Guidance - LexisNexis
https://www.lexisnexis.co.uk/legal/guidance/collective-action-clauses
EU provisions on CACs. As result of the Greek sovereign debt crisis, the Treaty Establishing the European Stability Mechanism (ESM Treaty) was ...
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https://www.lexisnexis.co.uk/legal/guidance/collective-action-clauses
EU provisions on CACs. As result of the Greek sovereign debt crisis, the Treaty Establishing the European Stability Mechanism (ESM Treaty) was ...
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55
LESSONS FROM GRECO-MULTILATERALISM FOR CREDITORS
https://scholarworks.iupui.edu/bitstream/handle/1805/24945/Lessons%20From%20Greco%20Multilateralism%20for%20Creditors.pdf?sequence=1
enacting collective action legislation and by triggering the collective action clauses ... The credit rating of Greek debt deteriorated to junk.
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https://scholarworks.iupui.edu/bitstream/handle/1805/24945/Lessons%20From%20Greco%20Multilateralism%20for%20Creditors.pdf?sequence=1
enacting collective action legislation and by triggering the collective action clauses ... The credit rating of Greek debt deteriorated to junk.
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56
The Significance Of Greece's Bond Default | Seeking Alpha
https://seekingalpha.com/article/427151-the-significance-of-greeces-bond-default
Greece enacted a retroactively contracted collective action clause based on the greater than two-thirds count of private debt-holders ...
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https://seekingalpha.com/article/427151-the-significance-of-greeces-bond-default
Greece enacted a retroactively contracted collective action clause based on the greater than two-thirds count of private debt-holders ...
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57
The Quest to Resolve Sovereign Debt Crises on JSTOR
https://www.jstor.org/stable/10.7312/guzm17926
This apparently technical change, awkwardly named “single-limb aggregated collective action clauses” promised to eliminate free-riding holdouts for the ...
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https://www.jstor.org/stable/10.7312/guzm17926
This apparently technical change, awkwardly named “single-limb aggregated collective action clauses” promised to eliminate free-riding holdouts for the ...
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58
Collective action clauses: Argentina, Ecuador, and their future
https://www.omfif.org/events/collective-action-clauses-argentina-ecuador-and-their-future/
In a major enhancement of the sovereign debt restructuring process, the G20 and International Monetary Fund in 2014 endorsed collective ...
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https://www.omfif.org/events/collective-action-clauses-argentina-ecuador-and-their-future/
In a major enhancement of the sovereign debt restructuring process, the G20 and International Monetary Fund in 2014 endorsed collective ...
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59
Questioni di Economia e Finanza - Banca d'Italia
https://www.bancaditalia.it/pubblicazioni/qef/2013-0143/QEF_143.pdf
Keywords: collective action clauses, sovereign debt restructuring, ... was drawn up on the basis of the lessons from Greece's debt restructuring of.
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https://www.bancaditalia.it/pubblicazioni/qef/2013-0143/QEF_143.pdf
Keywords: collective action clauses, sovereign debt restructuring, ... was drawn up on the basis of the lessons from Greece's debt restructuring of.
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60
Collective Action Clauses: Das Opium des Volkes - Credit Slips
https://www.creditslips.org/creditslips/2010/12/collective-action-clauses-das-opium-des-volkes.html
In the absence of a sovereign bankruptcy regime, Collective Action Clauses (CACs) help solve coordination problems in sovereign bonds by binding ...
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https://www.creditslips.org/creditslips/2010/12/collective-action-clauses-das-opium-des-volkes.html
In the absence of a sovereign bankruptcy regime, Collective Action Clauses (CACs) help solve coordination problems in sovereign bonds by binding ...
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61
REPORT: Greece Expects to Activate CAC in Bond Swap
https://www.businessinsider.com/greece-expects-to-activate-cac-in-bond-swap-2012-3
Dow Jones reports that Greek officials expect to activate collective action clauses that would coerce private holders of Greek bonds to ...
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https://www.businessinsider.com/greece-expects-to-activate-cac-in-bond-swap-2012-3
Dow Jones reports that Greek officials expect to activate collective action clauses that would coerce private holders of Greek bonds to ...
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62
10 - The impact of sovereign debt on EU monetary affairs
https://www.cambridge.org/core/books/rule-of-law-in-monetary-affairs/impact-of-sovereign-debt-on-eu-monetary-affairs/99A2C6B930A36952849254AD8FE6CB10
The actions taken so far: the Greek sovereign debt restructuring ... were governed by Greek law, which did not include collective action clauses (CACs).
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https://www.cambridge.org/core/books/rule-of-law-in-monetary-affairs/impact-of-sovereign-debt-on-eu-monetary-affairs/99A2C6B930A36952849254AD8FE6CB10
The actions taken so far: the Greek sovereign debt restructuring ... were governed by Greek law, which did not include collective action clauses (CACs).
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63
The Pricing of Non-Price Terms in Sovereign Bonds
https://www.semanticscholar.org/paper/The-Pricing-of-Non-Price-Terms-in-Sovereign-Bonds%3A-Choi-Gulati/8145d4e238299618005551696f7581e8a21cc4e8
In March 2012, Greece conducted one of the biggest and most brutal sovereign debt restructurings ever, asking holders of Greek government ...
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https://www.semanticscholar.org/paper/The-Pricing-of-Non-Price-Terms-in-Sovereign-Bonds%3A-Choi-Gulati/8145d4e238299618005551696f7581e8a21cc4e8
In March 2012, Greece conducted one of the biggest and most brutal sovereign debt restructurings ever, asking holders of Greek government ...
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64
Using the local law advantage in today's Eurozone
https://www.allenovery.com/en-gb/global/news-and-insights/publications/using-the-local-law-advantage-in-todays-eurozone
Three key legacies of the Greek sovereign debt restructuring were (a) the use of the “local law advantage” to retrofit single-limb collective action clauses ...
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https://www.allenovery.com/en-gb/global/news-and-insights/publications/using-the-local-law-advantage-in-todays-eurozone
Three key legacies of the Greek sovereign debt restructuring were (a) the use of the “local law advantage” to retrofit single-limb collective action clauses ...
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65
EU-Singapore trade deal awakens sovereign restructuring fears
https://www.risk.net/regulation/6493106/eu-singapore-trade-deal-awakens-sovereign-restructuring-fears
Others take the opposite view, saying the treaty extends protection from arbitration even to bonds without collective action clauses, which were ...
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https://www.risk.net/regulation/6493106/eu-singapore-trade-deal-awakens-sovereign-restructuring-fears
Others take the opposite view, saying the treaty extends protection from arbitration even to bonds without collective action clauses, which were ...
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66
Pricing Terms in Sovereign Debt Contracts - Chicago Unbound
https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=1376&context=law_and_economics
Subject to the foregoing caveat, the current Greek debt crisis has ... on one particular provision, the “Collective Action Clause” or “CAC”.
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https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=1376&context=law_and_economics
Subject to the foregoing caveat, the current Greek debt crisis has ... on one particular provision, the “Collective Action Clause” or “CAC”.
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67
Anticipating Venezuela's Debt Crisis: Hidden Holdouts and ...
https://scholarship.law.columbia.edu/cgi/viewcontent.cgi?article=3860&context=faculty_scholarship
Because collective action clauses that provide strong enforcement rights are not priced at the time the sovereign issues bonds, sovereigns are not given the ...
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https://scholarship.law.columbia.edu/cgi/viewcontent.cgi?article=3860&context=faculty_scholarship
Because collective action clauses that provide strong enforcement rights are not priced at the time the sovereign issues bonds, sovereigns are not given the ...
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68
Restructuring Sovereign Bonds: Holdouts, Haircuts and the ...
https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/IfW-Publications/Christoph_Trebesch/KWP_2175.pdf
that creditors refuse to participate in a debt restructuring. ... Collective Action Clauses: For each bond, we gather information on whether collective.
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https://www.ifw-kiel.de/fileadmin/Dateiverwaltung/IfW-Publications/Christoph_Trebesch/KWP_2175.pdf
that creditors refuse to participate in a debt restructuring. ... Collective Action Clauses: For each bond, we gather information on whether collective.
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69
Cost and efficacy of collective action clauses - Typeset
https://typeset.io/pdf/cost-and-efficacy-of-collective-action-clauses-4sx8n6vtxv.pdf
COLLECTIVE ACTION CLAUSES. By Chenbo Fang1, 2. Recent developments in sovereign capital market, such as the debt crisis in Eurozone, Greece's.
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https://typeset.io/pdf/cost-and-efficacy-of-collective-action-clauses-4sx8n6vtxv.pdf
COLLECTIVE ACTION CLAUSES. By Chenbo Fang1, 2. Recent developments in sovereign capital market, such as the debt crisis in Eurozone, Greece's.
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70
Collective Action Clauses in International Sovereign Bond ...
https://efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2016-Switzerland/papers/EFMA2016_0442_fullpaper.pdf
The 2012 Greek restructuring and the ruling in U.S. courts against ... Keywords: sovereign bonds, collective action clauses, debt ...
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https://efmaefm.org/0EFMAMEETINGS/EFMA%20ANNUAL%20MEETINGS/2016-Switzerland/papers/EFMA2016_0442_fullpaper.pdf
The 2012 Greek restructuring and the ruling in U.S. courts against ... Keywords: sovereign bonds, collective action clauses, debt ...
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71
REVISITING SOVEREIGN BANKRUPTCY - Brookings Institution
https://www.brookings.edu/wp-content/uploads/2016/06/CIEPR_2013_RevisitingSovereignBankruptcyReport.pdf
The recent debt crisis in Greece al- ... for restructuring the debt of bankrupt sovereigns . ... form, whereby collective action clauses were intro-.
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https://www.brookings.edu/wp-content/uploads/2016/06/CIEPR_2013_RevisitingSovereignBankruptcyReport.pdf
The recent debt crisis in Greece al- ... for restructuring the debt of bankrupt sovereigns . ... form, whereby collective action clauses were intro-.
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72
Greece in Largest Ever Sovereign Debt Restructuring and ...
https://www.clearygottlieb.com/news-and-insights/news-listing/counsel-to-greece65
The success of PSI was significantly enhanced by the use of collective action clauses, which have been promoted by Cleary Gottlieb since the ...
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https://www.clearygottlieb.com/news-and-insights/news-listing/counsel-to-greece65
The success of PSI was significantly enhanced by the use of collective action clauses, which have been promoted by Cleary Gottlieb since the ...
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73
collective action clauses for puerto rican bonds: borrowing ...
https://revistajuridica.uprrp.edu/wp-content/uploads/2016/05/84-Rev.-Jur.-UPR-1195.pdf
ing in 2012, concerns over Greece's debt burdens, fiscal challenges and ... This article will focus on collective action clauses (C.A.C.s) and their role as.
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https://revistajuridica.uprrp.edu/wp-content/uploads/2016/05/84-Rev.-Jur.-UPR-1195.pdf
ing in 2012, concerns over Greece's debt burdens, fiscal challenges and ... This article will focus on collective action clauses (C.A.C.s) and their role as.
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74
'CAC'ed - Credit Suisse | PLUS
https://plus.credit-suisse.com/u/IJYOCE
Collective Action Clauses (CACs) from 1 January 2013. ... What is a Collective Action Clause (CAC)? ... the Greek debt restructuring.
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https://plus.credit-suisse.com/u/IJYOCE
Collective Action Clauses (CACs) from 1 January 2013. ... What is a Collective Action Clause (CAC)? ... the Greek debt restructuring.
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75
Greek Debt Swap at 95% After Bondholders Forced to Join
https://www.bloomberg.com/news/articles/2012-03-09/greece-debt-swap-tops-95-level-to-trigger-forced-bondholder-participation
Investors with 95.7 percent of Greece's privately held bonds will participate in the swap after so-called collective action clauses are ...
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https://www.bloomberg.com/news/articles/2012-03-09/greece-debt-swap-tops-95-level-to-trigger-forced-bondholder-participation
Investors with 95.7 percent of Greece's privately held bonds will participate in the swap after so-called collective action clauses are ...
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76
Sovereign debt: Curing defaults | Financial Times
https://www.ft.com/content/90dc38fa-2412-11e6-aa98-db1e01fabc0c
Moreover, bankruptcies from countries such as Greece and Ukraine have ... and urged a revamp of so-called collective action clauses designed ...
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https://www.ft.com/content/90dc38fa-2412-11e6-aa98-db1e01fabc0c
Moreover, bankruptcies from countries such as Greece and Ukraine have ... and urged a revamp of so-called collective action clauses designed ...
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77
Building a climate resilient debt portfolio - IFLR
https://www.iflr.com/article/2a637ji469n61y3l8t98g/building-a-climate-resilient-debt-portfolio
The above table compares the thresholds for the retrofitted collective action clauses used in the Greece and Barbados restruct-uring with ...
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https://www.iflr.com/article/2a637ji469n61y3l8t98g/building-a-climate-resilient-debt-portfolio
The above table compares the thresholds for the retrofitted collective action clauses used in the Greece and Barbados restruct-uring with ...
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78
Is an Orderly Restructuring of Greek Debt Feasible?
https://economicsone.com/2010/06/14/is-an-orderly-restructuring-of-greek-debt-feasible/
I know them from their work on “collection action clauses,” (CACs) which emerging market countries put into their sovereign bonds as a way a way ...
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https://economicsone.com/2010/06/14/is-an-orderly-restructuring-of-greek-debt-feasible/
I know them from their work on “collection action clauses,” (CACs) which emerging market countries put into their sovereign bonds as a way a way ...
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79
The wonder-clause - IDEAS/RePEc
https://ideas.repec.org/a/eee/jcecon/v41y2013i2p367-385.html
... called Collective Action Clauses, or CACs. CACs are supposed to help governments and private creditors to renegotiate unsustainable debt contracts, ...
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https://ideas.repec.org/a/eee/jcecon/v41y2013i2p367-385.html
... called Collective Action Clauses, or CACs. CACs are supposed to help governments and private creditors to renegotiate unsustainable debt contracts, ...
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80
Roadmap and Guide for Sovereign Debt Workouts - UNCTAD
https://unctad.org/en/PublicationsLibrary/gdsddf2015misc1_en.pdf
Although Collective Action. Clauses (CACs) in sovereign bonds can facilitate creditor coordination, well-resourced and sophisticated creditors can circumvent ...
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https://unctad.org/en/PublicationsLibrary/gdsddf2015misc1_en.pdf
Although Collective Action. Clauses (CACs) in sovereign bonds can facilitate creditor coordination, well-resourced and sophisticated creditors can circumvent ...
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81
INVESTMENT POLICY BRIEF - The South Centre
https://www.southcentre.int/wp-content/uploads/2018/02/IPB10_How-international-investment-agreements-have-made-debt-restructuring-even-more-difficult-and-costly_EN.pdf
Among them the Greek debt restructuring in 2012 ... the Collective Action Clause (CAC) and the pari passu clause. CAC is a common clause in ...
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https://www.southcentre.int/wp-content/uploads/2018/02/IPB10_How-international-investment-agreements-have-made-debt-restructuring-even-more-difficult-and-costly_EN.pdf
Among them the Greek debt restructuring in 2012 ... the Collective Action Clause (CAC) and the pari passu clause. CAC is a common clause in ...
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82
Sovereign Bond Restructuring: Collective Action Clauses and ...
https://people.ucsc.edu/~kkletzer/bondreneg5.pdf
Collective action clauses can allow efficient debt restructuring in a formal model of sovereign debt renegotiation while unanimous action clauses create ...
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https://people.ucsc.edu/~kkletzer/bondreneg5.pdf
Collective action clauses can allow efficient debt restructuring in a formal model of sovereign debt renegotiation while unanimous action clauses create ...
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83
DEBT RESOLUTION AND THE NEXUS BETWEEN ...
https://www.afdb.org/sites/default/files/2021/03/09/aeo_2021_-_chap3_-_en.pdf
been the introduction of collective action clauses. (box 3.1), which removed the need ... public debt, parliaments in Greece (in 2012) and.
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https://www.afdb.org/sites/default/files/2021/03/09/aeo_2021_-_chap3_-_en.pdf
been the introduction of collective action clauses. (box 3.1), which removed the need ... public debt, parliaments in Greece (in 2012) and.
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84
Sovereign debt needs strong collective action clauses – ECB ...
https://www.centralbanking.com/central-banks/financial-stability/4675501/sovereign-debt-needs-strong-collective-action-clauses-ecb-paper
Only the strongest form of collective action clause (CAC), in sovereign debt is likely to achieve its aims, a European Central Bank paper ...
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https://www.centralbanking.com/central-banks/financial-stability/4675501/sovereign-debt-needs-strong-collective-action-clauses-ecb-paper
Only the strongest form of collective action clause (CAC), in sovereign debt is likely to achieve its aims, a European Central Bank paper ...
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85
Recent developments in sovereign debt restructuring: a step ...
https://eurorestructuring.weil.com/sovereign-debt/recent-developments-in-sovereign-debt-restructuring-a-step-in-the-right-direction/
In the wake of the Argentinian and Greek crises, there is a collective desire ... together with market-driven solutions including collective action clauses.
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https://eurorestructuring.weil.com/sovereign-debt/recent-developments-in-sovereign-debt-restructuring-a-step-in-the-right-direction/
In the wake of the Argentinian and Greek crises, there is a collective desire ... together with market-driven solutions including collective action clauses.
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86
The “haircut” on bonds held by individuals geared to ... - HUDOC
https://hudoc.echr.coe.int/app/conversion/pdf?library=ECHR&id=003-5444603-6823781&filename=Judgment+Mamatas+and+Others+v.+Greece+-+%22haircut%22+on+bonds+during+economic+crisis.pdf
Greek State bonds, in the effort to reduce the Greek public debt by ... dint of Collective Action Clauses enabling bond-holders to conclude ...
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https://hudoc.echr.coe.int/app/conversion/pdf?library=ECHR&id=003-5444603-6823781&filename=Judgment+Mamatas+and+Others+v.+Greece+-+%22haircut%22+on+bonds+during+economic+crisis.pdf
Greek State bonds, in the effort to reduce the Greek public debt by ... dint of Collective Action Clauses enabling bond-holders to conclude ...
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87
Sovereign debt, Greece, and the IMF – time to clean up the ...
https://www.linkedin.com/pulse/sovereign-debt-greece-imf-time-clean-up-mess-matt-glasser
Hagan points out that one can work on the language of sovereign debt instruments themselves – collective action clauses can be beefed up ...
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https://www.linkedin.com/pulse/sovereign-debt-greece-imf-time-clean-up-mess-matt-glasser
Hagan points out that one can work on the language of sovereign debt instruments themselves – collective action clauses can be beefed up ...
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88
Greek Debt Deal Will Force Bondholders To Take 'Voluntary ...
https://www.forbes.com/sites/afontevecchia/2012/01/23/greek-debt-deal-will-force-bondholders-to-take-voluntary-70-haircut/
If bonds contain a Collective Action Clause (CAC) with a 75% threshold for making a change to bond terms, then if 75% or more of the holders ...
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https://www.forbes.com/sites/afontevecchia/2012/01/23/greek-debt-deal-will-force-bondholders-to-take-voluntary-70-haircut/
If bonds contain a Collective Action Clause (CAC) with a 75% threshold for making a change to bond terms, then if 75% or more of the holders ...
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89
Boundary Objects in Complex Governance Systems
https://research.cbs.dk/en/publications/boundary-objects-in-complex-governance-systems-collective-action-
The notion of collective action clauses (CACs)—a private contractual term in bond documentation that enables bondholder coordination—was ...
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https://research.cbs.dk/en/publications/boundary-objects-in-complex-governance-systems-collective-action-
The notion of collective action clauses (CACs)—a private contractual term in bond documentation that enables bondholder coordination—was ...
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90
Greek failure to pay official lenders could trigger CDS payments
http://weather.yahoo.com/greek-failure-pay-official-lenders-162325866.html
Greek CDS payments were triggered in 2012 after the government introduced retroactive collective action clauses to make it easier to force ...
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http://weather.yahoo.com/greek-failure-pay-official-lenders-162325866.html
Greek CDS payments were triggered in 2012 after the government introduced retroactive collective action clauses to make it easier to force ...
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91
A Market Perspective on the European Sovereign Debt and ...
https://www.oecd.org/greece/46970598.pdf
debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser ... New issues could have collective action clauses built into the bond.
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https://www.oecd.org/greece/46970598.pdf
debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser ... New issues could have collective action clauses built into the bond.
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92
Next generation collective action clauses roll out - GlobalCapital
https://www.globalcapital.com/article/28mxov4s1y4dggvz5vlkw/ssa/next-generation-collective-action-clauses-roll-out
Greece managed to add CACs to its Greek law bonds to allow it to force through the largest sovereign debt restructuring in history in 2012, but ...
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https://www.globalcapital.com/article/28mxov4s1y4dggvz5vlkw/ssa/next-generation-collective-action-clauses-roll-out
Greece managed to add CACs to its Greek law bonds to allow it to force through the largest sovereign debt restructuring in history in 2012, but ...
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93
The Greek Sovereign Debt Restructuring in Court – A Review ...
https://www.academia.edu/28147377/The_Greek_Sovereign_Debt_Restructuring_in_Court_A_Review_of_Bondholder_Litigation_in_Germany
This was achieved by retrofitting so-called Collective Action Clauses ('CACs') to the bulk of government bonds governed by Greek law, thus allowing a ...
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https://www.academia.edu/28147377/The_Greek_Sovereign_Debt_Restructuring_in_Court_A_Review_of_Bondholder_Litigation_in_Germany
This was achieved by retrofitting so-called Collective Action Clauses ('CACs') to the bulk of government bonds governed by Greek law, thus allowing a ...
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94
A Primer on the Great Greek Bond Swap - CNBC
https://www.cnbc.com/2012/03/07/a-primer-on-the-great-greek-bond-swap.html
The collective action clause would impose a mandatory swap on the 86 percent of the Greek government debt issued under Greek law.
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https://www.cnbc.com/2012/03/07/a-primer-on-the-great-greek-bond-swap.html
The collective action clause would impose a mandatory swap on the 86 percent of the Greek government debt issued under Greek law.
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95
Addressing sovereign debt challenges in the era of COVID-19 ...
https://www.unescap.org/sites/default/d8files/2022-03/APSDJ%20Vol.28_No.2-5_31_03_22.pdf
or Greece after the global financial crisis of 2008 suggest, debt crises can cause ... The successful introduction of collective action clauses in.
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https://www.unescap.org/sites/default/d8files/2022-03/APSDJ%20Vol.28_No.2-5_31_03_22.pdf
or Greece after the global financial crisis of 2008 suggest, debt crises can cause ... The successful introduction of collective action clauses in.
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96
The Case of the Eurozone Collective Action Clauses - ISEG
https://www.iseg.ulisboa.pt/aquila/getFile.do?method=getFile&fileId=777669&_request_checksum_=7bf535fd7d71b78ac6197db83debf1b239e887d7
sovereign bonds of Collective Action Clauses (CACs) provisions, ... the legal system.2 As it became clear during the Greek debt ...
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https://www.iseg.ulisboa.pt/aquila/getFile.do?method=getFile&fileId=777669&_request_checksum_=7bf535fd7d71b78ac6197db83debf1b239e887d7
sovereign bonds of Collective Action Clauses (CACs) provisions, ... the legal system.2 As it became clear during the Greek debt ...
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97
Moral Hazard-CAC - The Big Picture - Barry Ritholtz
https://ritholtz.com/2012/02/moral-hazard-cac/
... policy of collective action clauses (CAC) in their debt issuance. ... The other type of Greek debt will have a legal provision saying ...
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https://ritholtz.com/2012/02/moral-hazard-cac/
... policy of collective action clauses (CAC) in their debt issuance. ... The other type of Greek debt will have a legal provision saying ...
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98
Chapter 11 for Countries?
https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/economic-insights/2016/q2/eiq216_chapter_11.pdf
has brought the ongoing Greek debt crisis, which for about ... called a majority action or collective action clause (CAC).
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https://www.philadelphiafed.org/-/media/frbp/assets/economy/articles/economic-insights/2016/q2/eiq216_chapter_11.pdf
has brought the ongoing Greek debt crisis, which for about ... called a majority action or collective action clause (CAC).
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