The Sovereign Debt Scoping Forum provides experts the opportunity to meet and deliberate on legal uncertainties affecting central government debt. The FMLC has a long-standing history in tackling sovereign debt issues: it hosted a seminar on this topic in 2012 and produced a paper on pari passu clauses in 2005. Whilst the debate surrounding the interpretation of the pari passu covenant continues, broader uncertainties related to potential currency redenomination and a member state’s exit from the E.U. (an increasingly relevant topic) may also arise.
For further information, please see the Forum’s Terms of Reference and 2024 Forward Schedule.
On 6 March 2018, members of the Sovereign Debt Scoping Forum met for the first meeting of 2018. The meeting was chaired and hosted by Yannis Manuelides of Allen & Overy LLP. On the agenda were topics such as the legal aspects of odious...
On 1 December 2017, members of the Sovereign Debt Scoping Forum met for the fourth and last quarterly meeting of 2017. The meeting was chaired and hosted by Carter Brod of Morgan Lewis & Bockius LLP. On the agenda were topics such as sovereign...
On 8 September 2017, members of the Sovereign Debt Scoping Forum met for the third meeting of 2017. The meeting was chaired by Jim Ho of Cleary Gottlieb Steen & Hamilton LLP. On the agenda were topics such as safe bonds, green bonds and...
On 2 June 2017, members of the Sovereign Debt Scoping Forum met for the second meeting of 2017. The meeting was chaired by Deborah Zandstra of Clifford Chance LLP. On the agenda were topics such as recent Islamic issuances, including the Saudi Arabian sukuk, the Russia/Ukraine eurobond...
On 3 March 2017, members of the Sovereign Debt Scoping Forum met for the first meeting of 2017. The meeting was chaired and hosted by Harriet Territt of Jones Day. On the agenda were topics such as GDP-linked bonds and the Ukraine/Russia sovereign bond...