New Developments 2016

Supreme Court Holds Puerto Rico Recovery Act Preempted by Bankruptcy Code - Schulte Roth & Zabel Memorandum. 

Holiday Schedule for EM Bond Trades for US Independence Day Holiday. 

EMTA Announces 1Q 2016 EM CDS Volume Stood at US$363 Billion. 

EMTA issues its Recommended FX and Currency Derivatives Market Practice No. 77 recommending, effective July 18, 2016, new standard terms for RUB Non-Deliverable FX Forward and Currency Option Transactions.

CLICK HERE to view the Market Practice.
CLICK HERE to view the Implementation Protocol and related documentation.

EMTA Special Seminar: The Peru Land Reform Bond Case 

• Agenda 
• Gramercy Press Release 
• Brief Statement by Peru 
• Financial Times Article “Big Rating Agencies Steer Clear of Peru’s Defaulted Debt” 
• Relevant Links 

Moody's Upgrades Honduras' Government Bond Rating from B3 to B2. 

Fitch Upgrades Hungary’s Long –Term Foreign Currency Issuer Default Rating from BB+ to BBB. 

EMTA Summer Forum in London to be Held on June 21, 2016. Click Here to Register.

EMTA's 25th Anniversary Panels: Emerging Markets - Then and Now.

• Agenda 
• Panelists' Bios 
• EMTA's Silver Anniversary - London Celebration by Michael M. Chamberlin, EMTA's Executive Director 
• Introductory Remarks by Martin W. Schubert, European InterAmerican Finance Corp. 
• Video by Angel Gurria, former Finance Minister of Mexico and Secretary General of the Organisation for Economic Co-operation and Development (OECD) 
• 25th Anniversary Booklet 

Fiscal Agent Notice Regarding May 16, 2016 Payment on Nigeria Payment Adjustment Rights.