Rathna Ramamurthi, Antonio Pietrantoni, Manuel Silva, Carmine Boccuzzi and Andrés de la Cruz

Cleary Gottlieb Discusses Case on Collective Action Clauses in Sovereign Debt Restructuring

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On July 31, 2020, Judge Caproni in the Southern District of New York denied an emergency motion filed by certain bondholders for a temporary restraining order that would have halted efforts by the Republic of Ecuador (“Ecuador”) to restructure $17.4 …