Professor Rodrigo Olivares-Caminal, LLB (Bue), LLM (Warwick) and PhD (London)
Professor in Banking and Finance Law
Location: Lincoln's Inn Fields
email: r.olivares-caminal@qmul.ac.uk
Phone: +44(0)20 7882 8097
Publications:
Publications
Books
- “Financial Crisis Containment and Government Guarantees”, co-edited, Edward Elgar, (forthcoming 2012).
- “Managing Risk in the Financial System”, co-edited, Edward Elgar, 2011.
- “Debt Restructuring”, co-authored, Oxford University Press, 2011.
- “Competition Law Amidst Financial Crises”, co-authored, Cambridge University Press, 2010.
- “Legal Aspects of Sovereign Debt Restructuring”, authored, Sweet & Maxwell, 2009.
- “Financial Crisis Management and Bank Resolution”, co-edited, Informa-Lloyd’s of London Press, 2009.
Book Chapters
- "The European Stability Mechanism: Some Notes on a New EU Institution Designed to Avert Financial Crises", authored, in John R. LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh (eds), "Financial Crisis Containment and Government Guarantees", Edward Elgar, (forthcoming 2012).
- “From Consolidated Supervision to Consolidated Resolution”, co-authored with Prof. Rosa M. Lastra, in John LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh (eds), “Managing Risk in the Financial System”, Edward Elgar (forthcoming July 2011).
- “The Greek Tragedy: Is there a Deus ex Machina?” , co-authored with Dr. Ioannis Kokkoris and Kiriakos Papadakis, in John LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh (eds), “Managing Risk in the Financial System”, Edward Elgar (forthcoming July 2011).
- “Avoiding Avoidable Debt Crises: Lessons from Recent Defaults”, co-authored with Yuefen Li and Ugo Panizza, in Carlos A. Primo-Braga and gallina A. Vincelette (eds), “Sovereign Debt and the Financial Crisis: Will This Time be Different?”, World Bank, October 2010.
- “Cross Border Insolvency: The Case of Financial Conglomerates” co-authored with Prof. Rosa M. Lastra, in John LaBrosse, Rodrigo Olivares-Caminal and Dalvinder Singh (eds) “Financial Crisis Management and Bank Resolution”, Informa-Lloyd’s of London Press, 2009.
Articles in Journals
- "The Do's and Don'ts of Credit Default Swaps (CDS) in the Context of the EU Sovereign Debt Crisis", co-authored, Journal of Banking Regulation (forthcoming 2012).
- "The EU Architecture to Avert a Sovereign Debt Crisis", OECD Journal of Financial Market Trends, Volume 2011, Issue 2, November 2011.
- "A Solution to the Greek Crisis (in five labours)", Financial Regulation International, May 2011 . Issue 14.4
- “The Pari Passu Interpretation in the Elliot Case: A Brilliant Strategy but an awful (mid-long term) Outcome”, Hofstra Law Review (forthcoming 2012).
- “The Greek Tragedy”, Journal of Banking Regulation (Editorial), Vol. 11 Issue 4, October 2010.
- “The Greek Tragedy: Is there a Deus ex Machina?”, International Corporate Rescue, Volume 7, Issue 4, August 2010.
- “Sovereign Debt Defaults: Paradigms and Challenges” (Editorial), Journal of Banking Regulation, Volume 11, Issue 2, March 2010.
- “All the King’s Men”, Investment & Pensions Europe, 1 April 2010.
- “Sovereign Default: More Business Opportunities – Credit Will Spur New Legal Tactics at Vulture Funds”, The Hedge Funds Journal, 1 March 2010.
- “Understanding the Pari Passu Clause in Sovereign Debt Instruments: A Complex Quest”, The International Lawyer, Volume 43, No. 3, Fall 2009.
- “Expedited Debt Restructuring in Latin America”, Inter-American Development Bank Working Paper No. 113, November 2009.
- “To Rank Pari Passu or Not to Rank Pari Passu: That is the Question in Sovereign Bonds after the Latest Episode of the Argentine Saga”, Law & Business Review of the Americas, Volume 15, No. 4, Fall 2009.
- “Expedited Debt Restructuring Mechanisms in Latin America: A Regional Overview”, International Corporate Rescue, Volume 6, Issue 3, United Kingdom, May 2009.
- “Is There a Need for an International Insolvency Regime in the Context of Sovereign Debt? A Case for the Use of Corporate Debt Restructuring Techniques”, Journal of International Banking Law & Regulation, Sweet & Maxwell, Volume 24, Issue 1, January 2009.
- “Sovereign Bonds: A Critical Analysis of Argentina’s Bond Exchange Offer”, Journal of Banking Regulation, Volume 10, Number 1, Palgrave, November 2008.
- “Odious Debt–Odious Concept?”, Butterworths Journal of International Finance and Banking Law, September 2008.
- “Debt Markets: Where From—Where To?”, concept paper for the Briefing Book on ‘Building the Financial System of the 21st Century: An Agenda for Latin America and the US’, Harvard Law School, June 2008
- “Lessons from the Recent Stock Exchange Merger Activity”, Oxford Journal of Competition Law and Economics, March 2008.
- “Some Issues on Cross-Border Stock Exchange Mergers”, Penn Journal of International Economic Law, United States, Winter 2007.
- “Regulation Of Stock Exchanges In The Recent Wake Of Mergers”, Butterworths Journal of International Finance and Banking Law, UK, Summer 2007.
- “The Distressed Debt Market: Where are We Heading?”, in International Corporate Rescue (Kluwer), Volume 3, Issue 6, United Kingdom, November 2006.
- “Corporate Debt Restructuring Techniques and their use in the restructuring of Sovereign Debt”, published in Revista del Derecho commercial y de las Obligaciones (LexisNexis), Issue 219, Buenos Aires, Argentina July-August 2006
- “The Use of Corporate Debt Restructuring Techniques in the Context of Sovereign Debt”, published in International Corporate Rescue (Kluwer), Volume 2, Issue 5 United Kingdom, September 2005.
- “The Required Threshold to Restructure Sovereign Debt”, co-authored, published in Loyola of Los Angeles International & Comparative Law Review, Volume 27, Issue Two, Los Angeles, United States, September 2005.
- “Corporate Debt Restructuring in Latin America. New Developments. New Opportunities?”, published in International Company and Commercial Law Review (Sweet & Maxwell), Volume 16, Issue 6, United Kingdom, June 2005.
- “Of Holdouts and other Demons”, published in Debt Exchange (La Ley), pages 45-52, May 9, 2005.
- “Can the Bonds Tendered in the Exchange Offer be Subject to an Injunction?”, co-authored, published in La Ley, Buenos Aires, Argentina, April 21, 2005.
- “Debt Restructuring: the Most Favoured Creditor Clause”, published in La Ley, February 3, Buenos Aires Argentina, 2005.
- “Debt Restructuring: 66⅔ % (the magic number)”, co-authored, published in La Ley, Buenos Aires, Argentina, July 8, 2004.
- “Rethinking Sovereign Debt Restructuring Mechanisms”, co-authored, published in Law & Business Review of the Americas, Volume 9, Number 4. Texas, United States, Fall 2003.
- “Claims Against Argentina, Class Actions and Freeze of Assets”, co-authored, published by La Ley in its special volume “Default and Public Debt Restructuring”, pages 134-151. Buenos Aires, Argentina, November 26, 2003.
- “Sovereign Debt Restructuring: Different Mechanisms” published by La Ley in “Default and Public Debt Restructuring”, pages 89-100. Buenos Aires, Argentina, November 26, 2003.
- “Corporate Governance Rules under Argentine Law”, published in Law and Business Review of the Americas, Vol. 9, No. 2. Texas, United States, spring 2003.
- “Resignation of the Legal Representative of Foreign Entities”, published by the University of Rosario, Volume IV, pages 245-259. Buenos Aires, September 2001.
- “How is the Internet Impacting on Individuals and Society”, in collaboration with the Ambrosio L. Gioja Academic Institute research team. Iriss Conference at Bristol, England, March, 1998.
- “Different Issues Regarding Preferences under the Insolvency Law”, Ad-Hoc Publishing, Volume II, pages 313-329. Buenos Aires, November 1997.
- “Privacy and the Right to be Informed”, published in Habeas Corpus law review, Year 3, Volume I. Buenos Aires, April 1994.
- “Law Contradictions”, published in Habeas Corpus law review, Year 2, Volume I. Buenos Aires, November 1993.
Case Reviews
- “Clashing Clauses in Debt Instruments: Some Notes in View of the Restructuring of the ‘Aconcagua’ Bond and its Challenge in US Courts”, a comment to “Greylock Global Opportunity Master Fund Ltd. v. Province of Mendoza”, in International Corporate Rescue (Kluwer), Volume 3, Issue 1, United Kingdom, February 2006.
- “Debt Restructuring and the Rule of Law: Some Notes on the Coria case”, published in La Ley, Buenos Aires, Argentina, 26 December 2005.
- “Recognition of Corporate Debt Restructuring Procedures in Latin America under US Law: Lessons from the Multicanal Case”, published in International Corporate Rescue (Kluwer), Volume 2, Issue 3, United Kingdom, June 2005.
- “Legal Certainty in Debt Restructuring”, a comment to “Civit, Félix Guillermo v. Poder Ejecutivo Nacional s/amparo”, published in La Ley, Buenos Aires, Argentina, September 8, 2004.
Newspaper Articles
- “Η λύση στην κρίση του δημόσιου χρέους (σε 5 άθλους)”, co-authored, published in Kathimerini, June 19, 2011
- “Η πτώση της Kέλτικης Tίγρης και οι διαφορές με την Ελλάδα”, co-authored, published in Kathimerini, December 29, 2010
- “Που βρισκόμαστε στην ελληνική κρίση Δημοσίου Χρέους”, co-authored, published in Capital GR, June 29, 2010
- 'Πόσο εφικτή είναι η έξοδος από την ΟΝΕ', co-authored, published in Kathimerini May 16, 2010
- ‘Τι σημαίνει Αναδιάρθρωση του Δημόσιου Χρέους', published in Capital GR April 22, 2010
- “Sovereign Debt Defaults: What Are the Options for Investors”, E-Financial News (DowJones), January 27, 2010.
- “El Tiempo Definira la Estrategia del BCRA” , co-authored, published in El Cronista Comercial, Buenos Aires, Argentina, January 14, 2010.
- “Volver a Acercarse al FMI es Beneficioso para Todos”, co-authored, published in El Cronista Comercial, Buenos Aires, Argentina, October 13, 2009.
- “Los Holdouts Intensifican su Ataque”, co-authored, published in El Cronista Comercial, Buenos Aires, Argentina, December 3, 2008.
- “1r País começa hoje a tentar refazer sua reputação”, interview for Valor Economico, the Brazilian leading economic newspaper, January 14, 2005.
- “Una de Cal y una de Arena”, co-authored, published in La Gaceta de Tucumán, Tucumán, Argentina, November 21, 2004.
- “El Papel de los Bancos en la Reestructuración”, co-authored, published in La Gaceta de Tucumán, Tucumán, Argentina, February 11, 2004.
- “Grado de Riesgo de los Bienes del Estado”, co-authored, published in Infobae, one of the leading Argentine Economic newspapers, Buenos Aires, Argentina, November 21, 2004.
- “El Embargo de Bienes Públicos”, co-authored, published in La Gaceta de Tucumán, Tucumán, Argentina, February 10, 2004.
- “Controversia por la Cláusula Pari Passu”, co-authored, published in La Gaceta de Tucumán, Tucumán, Argentina, November 21, 2004.
Interviews/Quotes for Press Articles
- "Lorenzino, duro con el juez Griesa", La Nacion, 6 March 2012
- "Greek Crisis May Test the Value of Swaps", New York Times, 1 March 2012
- "Greek Parliament Approves Debt Write-Down", Wall Street Journal (Europe), 23 February 2012
- "Grecia: si avvicina l'accordo con i creditori private", Forexinfo.it, 22 February 2012
- "Banks, Insurers Likely to Participate in Greek Swap After Past Write-downs", Bloomberg, 21 February 2012
- "Die heimlichen Strippenzieher in der Schuldenkrise", Money Focus Online, 17 February, 2012
- "Default experts: the Greek sovereign debt gods", Reuters, 16 February 2012
- "Hedge Funds Prepare Legal Battle with Grece", Reuters, 24 Januray 2012
- "Κούρεμα 50% σημαίνει νέα αναδιάρθρωση μετά από δυο χρόνια, λέει ο Δρ. Ολιβάρες Καμινάλ στο", Ta Nea, 23 January 2012
- "Κούρεμα 50% σημαίνει νέα αναδιάρθρωση μετά από δυο χρόνια, λέει ο Δρ. Ολιβάρες Καμινάλ στο", in.gr, 23 January 2012
- "Οι Γυπεσ «Κου Ρεματοσ»", Esquire Magazine (Greece), December 2011
- "Lender of last resort not an option for ECB, say analysts", Central Banking, 14 November 2011
- "Greece on Edge of Biggest Insolvency 24 Centuries after First City Default", Bloomberg 23 September 2011
- "Greece may not opt for debt swap", Central Banking, 26 August 2011
- "Europe Races to Widen Aid for Greece", Wall Street Journal (Europe), 2 June 2011
- “Greece deficit revision sparks default concerns from analysts”, Central Banking.com, 26 April 2011.
- “FMI e UE nãoevitam reestruturação da dívida portuguesa”, Jornal de Negocios (Portugal), 15 April 2011
- “Os credores percebem quando o ‘default’ é inevitável”, Jornal de Negocios (Portugal), 15 April 2011
- “Certificados de aforro sob ameaça em caso de default”, Jornal de Negocios (Portugal), 15 April 2011
- “EU Bailout Plans Fail to Bring Calm”, Wall Street Journal (Europe), 29 November 2010
Research interests:
International Finance; Capital Markets; Insolvency, Corporate Rescue and Sovereign Debt Restructuring.
Professional activities and outreach:
From 2012
Related news:
-
Professor Rodrigo Olivares-Caminal's co-edited book 'Financial Crisis Containment and Government Guarantees' is published
25 March 2013 -
Law and Economics Yearly Review - Part 2 is Published
22 February 2013 -
Dr Rodrigo Olivares-Caminal to speak on The Restructuring and Resolution of External Sovereign Debt at the World Bank on 10 December
10 December 2012 -
Dr Rodrigo Olivares-Caminal panellist at 'Sovereign Risk: a world without risk-free assets' in Basel 8-9 January 2013
5 December 2012 -
Dr Rodrigo Olivares-Caminal on Pari Passu in the media
27 November 2012 -
Queen Mary co-sponsors Fourth Annual International Conference on Competition Enforcement in the Central and Eastern European Region
27 November 2012 -
Dr Rodrigo Olivares-Caminal discusses Argentina Debt Ruling with the Financial Times
7 November 2012 -
Dr Rodrigo Olivares-Caminal: Pari Passu and Sovereign Bonds in FT Alphaville
2 November 2012 -
Dr Rodrigo Olivares-Caminal spoke at Greek Public Policy Forum event 'Unfolding the Layers of the Crisis: the Nation-State, Europe, and the World'
24 September 2012 -
Dr Rodrigo Olivares-Caminal to speak at UN: Expert Group Meeting on Sovereign Debt Restructuring
18 September 2012 -
Dr Rodrigo Olivares-Caminal - September public speaking events in Latin America
10 September 2012 -
First issue of the Law and Economics Yearly Review is published
14 August 2012 -
Dr Rodrigo Olivares-Caminal comments on Portugese sovereign debt
18 April 2012 -
Dr Olivares-Caminal on Credit Default Swaps in New York Times
8 March 2012 -
Dr Rodrigo Olivares-Caminal 'Banks likely to take part in Greek swap after writedowns'
27 February 2012 -
Dr Rodrigo Olivares-Caminal - view podcasts from 'Greece - Options Going Forward: A Policy and Civic Engagement'
26 January 2012 -
Dr Rodrigo Olivares-Caminal on International Finance Law and Sovereign Debt Restructuring - Events 2012
10 January 2012
Postgraduate teaching:
- QLLM073 Legal Aspects of International Finance
- QLLM082 Regulation of Financial Markets
- QLLM085 Securities Regulation
- QLLM114 Corporate Insolvency Law
- Banking Regulation (School of Economics and Finance)
