Case Studies

Creative solution results in full payment to bondholders.

May 23, 2013

Emmet is known for its problem solving, efficient approach to client concerns.  Recently in a defaulted sovereign debt transaction in South America, Emmet counseled a major New York bank Trustee that negotiating with the sovereign to redeem its bonds under a rarely used contract provision, rather than declaring the default and accelerating the debt, was a more constructive approach.  As a result of successful negotiations, the bondholders were paid all principal and interest due them in full.

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