Enforcement Case of the Month: Hamilton Reserve Bank v. Sri Lanka – Even Better for Sovereigns Than an International Bankruptcy Regime?

Jeff Newton of Omni Bridgeway examines a recent decision of the U.S. District Court for the Southern District of New York, which may come to grant sovereign states one of the key benefits of bankruptcy—a stay of enforcement actions from creditors—without imposing any of its obligations, potentially altering the characteristics of sovereign debt, with unknown consequences for a large market.

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