Frontmatter
Preface
Table of Contents
The Authors
Introduction
The Euro Area's Collective Action Clause - Some Questions and Answers
Private Sector Involvement in Sovereign Debt Restructuring: Model CACs for Europe
Identical Collective Action Clauses for different Legal Systems: A European Model
Towards a Level Playing Field
An Introduction to the Euro Area's Model Collective Action Clause
Enfranchisement and Disenfranchisement in Collective Action Clauses
Collective Action Clauses and Litigation
Bondholder Resolutions in the Courtroom
Can Collective Action Clauses in Sovereign Bonds Limit Litigation Risks for States?
The Future of Sovereign Debt in Europe
CACs and the Restructuring of Sovereign Debt - How Would Markets React?
The Aggregation Clause in Euro Area Government Securities: Game Changer or Flavor of the Month? - Background and the Greek Experience
Sovereign Debt Restructuring: Lessons from History
A Resolvency Proceeding for Defaulting Sovereigns
Appendices
Appendix 1. Art. 12(3) ESM Treaty
Appendix 2. EFC Sub-Committee on EU Sovereign Debt Markets Model Collective Action Clause
Appendix 3. EFC Sub-Committee on EU Sovereign Debt Markets Supplemental Provisions to Model Collective Action Clause
Appendix 4. EFC Sub-Committee on EU Sovereign Debt Markets Model Collective Action Clause Supplemental Explanatory Note
Appendix 5. EFC Sub-Committee on EU Sovereign Debt Markets Draft Model Collective Action Clause (distributed for Comment in July 2012)
Appendix 6. EFC Sub-Committee on EU Sovereign Debt Markets Collective Action Clause Explanatory Note dated 26 July 2011