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Sovereign Debt Restructuring: Active New York Assembly Bill Providing for a New Comprehensive Sovereign Debt Restructuring Mechanism and a Limit on Recoveries on Sovereign Debt

In our client briefing of May 2023 we referred to three active bills in the New York Assembly which, if enacted, would have had a material impact on the process of sovereign debt restructuring and the market for sovereign emerging market debt generally. Those three bills lapsed in the last session of the New York Assembly. […]