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Dr Rodrigo Olivares-Caminal: Pari Passu and Sovereign Bonds in FT Alphaville

2 November 2012

On 1 November 2012, FT Alphaville reported on the recent decision by the US Second Circuit Court of Appeals against Argentina in relation to the subordination of creditors and the subsequent breach of the Equal Treatment Provision contained in the Pari Passu Clause. The author of the comment piece relied on Dr Rodrigo Olivares-Caminal's view regarding the Most-Favoured Creditor Clause and in his research on the topic. 

 

 

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