Two investment firms are suing Nicaragua for full
repayment of defaulted debt from the 1980s. The outcome could
establish precedents with far-reaching repercussions.
Heralded as a breakthrough in the sovereign debt
restructuring debate, agreements between debtors and creditors
still need fine-tuning.
Uruguay was able to avoid default earlier this year, but whether it simply prolonged the inevitable or truly preserved its good name remain to be seen.
Troubled Latin American companies increasingly are seeking to reorganize their finances under United States bankruptcy regulations. They provide more control and greater certainty for many companies than their home country's insolvency laws.
It remains to be seen whether Latin America can break out of its cyclical history of excessive borrowing, default and financial rehabilitation - and achieve rapid, sustained growth.
CAF, the regional development bank, addresses analysts' concerns over the stability of its borrowers. CAF's management says its preferred-creditor status is strong and sufficient to prevent a default on its loan portfolio.
Syndicated lending has lost ground as a stand-alone business and is now part of a suite of international and local debt products offered by banks.
Oct 21 - 22, 2015 | Grand Hyatt, Playa del Carmen, México
SFLA will convene in Playa del Carmen, Mexico the most important issuers and investors from across...
Will a strong dollar deter investors from LatAm bonds?
No, the yield-hunt goes on
Yes, but only retail investors
Yes, once the Fed raises rates
We want to partner and co-invest with US companies from authorized sectors, when they are ready to operate in Cuba.
José Oro, Thomas J Herzfeld Advisors
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