Use of the Local Law Advantage in the Restructuring of European Sovereign Bonds
Emerging market sovereigns issue bonds in the international capital markets governed by a foreign legal regime such as the law of England or New York State.European sovereigns, however, have been able to issue bonds governed by the issuer’s own law.In the event of a future financial crisis, this giv...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University of Bologna
2018-11-01
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| Series: | University of Bologna Law Review |
| Subjects: | |
| Online Access: | https://bolognalawreview.unibo.it/article/view/8655 |