NERA Senior Vice President Dr. Faten Sabry moderated and presented as part of a panel of experts in a webcast that explored recent developments in the ongoing Argentina debt litigation and their implications for sovereign debt restructurings. Dr. Sabry was joined on the panel by Jeremiah Pam, Visiting Scholar at Columbia Law School; Marco Schnabl, Partner at Skadden, Arps, Slate, Meagher & Flom LLP; and Ignacio Franceschelli, Consultant at NERA.

Specifically, the panel discussed:

• The Pari Passu Clause and the latest issues in the dispute
• Revisiting the role of Collective Action Clauses in sovereign debt workouts
• Possibility of contempt proceedings issued against a sovereign
• Likely negotiated solutions in the face of acceleration
• Proposals for reform in the sovereign debt restructuring regime
• Implications for future sovereign debt restructurings