Emerging Markets Restructuring Journal, Issue No. 5 Winter 2017-2018

We are glad to share with you the fifth issue of The Emerging Markets Restructuring Journal, a publication that was founded by Cleary Gottlieb lawyers and features contributions from colleagues and advisors around the world, focusing on emerging markets restructuring law and practice.

Our fifth issue begins with an article discussing the keys to minimizing FCPA risk when doing business in Brazil, which takes on particular importance in the wake of the Lava Jato investigation. Two contributions focus on new legislation—one evaluating the impact of Chile’s 2014 law that created a new in-court reorganization option for debtors, and the other previewing new legislation in the Netherlands that would allow debtors to bind holdout creditors without commencing a formal insolvency proceeding. This issue also includes contributions focusing on new distressed opportunities in Ukraine, recent updates in the International Bank of Azerbaijan’s Chapter 15 proceeding in the United States, a case study of an unsuccessful attempt in Nigeria to restructure a major telecommunications company via a debt-to-equity conversion, and analysis of the Dana Gas dispute that is testing the limitations of Islamic Sharia-compliant bonds (sukuk). Finally, we close this issue with a contribution discussing the Crystallex/PDVSA litigation that will have important implications on Venezuela’s restructuring.

Please see this issue’s full table of contents below, and click here to download a PDF version of the journal.

We encourage you to email Polina Lyadnova (plyadnova@cgsh.com), Adam Brenneman (abrenneman@cgsh.com), Sui-Jim Ho (jho@cgsh.com) or our managing editor Denise Filauro (dfilauro@cgsh.com) with comments, questions and, of course, submissions for subsequent issues. You can also send any questions or suggestions to emrj@cgsh.com.

Below you will find links to the previous issues of the Journal: