Heralded as a breakthrough in the sovereign debt
restructuring debate, agreements between debtors and creditors
still need fine-tuning.
Category: Corporate & Sovereign Strategy
Small But Strong
Ecuador is still struggling after a banking crisis that helped trigger a government debt default in 1999. But Banco de la Producción (Produbanco), proves that even small banks can prosper […]
Twin Survivors
There are only two truly solvent banks left standing in Argentina, almost two years after the country spiraled into the worst economic crisis in its modern history. The default and […]
A Chance at Redemption
Uruguay was able to avoid default earlier this year, but whether it simply prolonged the inevitable or truly preserved its good name remain to be seen.
Courting Chapter 11
Troubled Latin American companies increasingly are seeking to reorganize their finances under United States bankruptcy regulations. They provide more control and greater certainty for many companies than their home country’s insolvency laws.
FOUNDER Martin Schubert
During the 1980s, Martin Schubert managed to find opportunities in every corner in the defaulted debt markets of Latin America. Schubert, a pioneer in emerging market debt trading and chairman […]
Have We Turned the Corner?
It remains to be seen whether Latin America can break out of its cyclical history of excessive borrowing, default and financial rehabilitation – and achieve rapid, sustained growth.
Transfer of Risk Saves Pecom
In 2001, Argentine companies had almost no access to capital. The country was heading for default and banks began slashing corporate credit lines. Corporates also had little access to affordable […]
CAF, the Andean Paradox
CAF, the regional development bank, addresses analysts’ concerns over the stability of its borrowers. CAF’s management says its preferred-creditor status is strong and sufficient to prevent a default on its loan portfolio.
Setting the Standard
Mexico comforts investors by being the first sovereign to put collective action clauses in a global bond. Whether the move will advance debate over sovereign debt restructurings remains to be seen.
