Sovereign Debt Restructuring Conference
March 26–27, 2015 - Mandarin Oriental, Knightsbridge London
A small, high level conference to discuss sovereign debt problems around the world. We have a combination of the world's top economists, lawyers, market participants, and policymakers already committed to participating. The keynote speech by Olivier Blanchard, Economic Advisor at the IMF, will discuss the Fund's latest thinking on debt reprofiling and restructuring options. The remaining sessions will touch the major issues surrounding debt problems today, including an update on the recent court rulings and their implications, the latest thinking on how collective action clauses might evolve, and new proposals that might serve as alternatives to existing arrangements.
The conference is sponsored by , Initiative on Global Markets, Booth School, University of Chicago, and .
Attendance is by invitation only.
Organizers: (Imperial), Anil Kashyap (Chicago Booth), (University of Pennsylvania Law School) and (Humboldt-Universität zu Berlin)
Program
Thursday 26th March 2015
7:00-7:30 pm
Reception: The Roseberry Room
7:30 pm
Dinner: Asquith and Balfour Suite's
Friday 26th March 2015
8:00-9:00 am
Registration/Tea, Coffee, and Continental Breakfast
9:00-11:00 am
Panel 1: Where things stand currently and lessons from recent events
Chair: Andrei Kirilenko (MIT)
(Warwick University) -
Ashoka Mody (Princeton University) -
(Georgetown University) -
Discussants:
(UC Santa Cruz) -
(Centre de Recerca en Economia Internacional (CREI))
Comments by the Chair and General Discussion
11:00-11:30 am
Break - Tea/Coffee
11:30-12:30 pm
Keynote Speech (International Monetary Fund)
12:30-2:00 pm
Lunch - Speaker: Lee Buchheit (Cleary Gottlieb Steen & Hamilton LLP) -
2:00-3:30 pm
Panel 2: Restructuring mechanisms I – Collective action clauses
Chair: Guillermo Ortiz (Grupo Financiero Banorte-IXE)
Collective action clauses as restructuring mechanisms –
(Duke University) -
Collective action clauses for Europe –
Ignacio Tirado (Universidad Autónoma of Madrid) -
Discussants: Mark Sobel (US Treasury) and (Queen Mary University)
Comments by the Chair and General Discussion
3:30-3:50 pm
Break - Tea/Coffee
3:50-5:20 pm
Panel 3: Restructuring mechanisms II – Proposals for formal restructuring
mechanisms
Chair: Barry Herman (The New School)
Broad overview – (Duke University; Centre for
International Governance Innovation) -
Prospects and proposals for formal restructuring mechanisms for Europe –
(Humboldt University) -
Discussants: (University of Pennsylvania) and Robert A. Cohen (Dechert, counsel for Elliott Associates in Argentina litigation)
Comments by the Chair and General Discussion
5:20-5:30 pm
Break
5:30-7:00 pm
Panel 4: Overview and concluding discussion
Chair: (Kargman Associates)
Discussants:
(Johns Hopkins University)
(Elliott Associates)
(United Nations) -
Comments by the Chair and General Discussion
7:00-7:30 pm
Drinks Reception - Loggia Room