Titoli di Stato paesi-emergenti VENEZUELA e Petroleos de Venezuela - Cap. 2 (3 lettori)
- Creatore Discussione tommy271
- Data di Inizio
Ventodivino
מגן ולא יראה
Interesting stuff, Mitu. Please excuse a somewhat tangential question purely out of curiosity as a secured credit nerd. Are there many examples of judgment creditors on a sovereign bond grabbing assets?
Risposta (rispondi a qualsiasi mail gli venga proposta se ben argomentata) di Gulati
Wonderful question. If we were to go back about fifteen years ago, then the story would have been that enforcing a judgment against a sovereign debtor was near impossible. But since then a combination of increased globalization, courts being increasingly willing to find reduced entitlements to immunity and creditors coming up with creative ways of finding assets to attach have resulted in creditors being able to both enforce judgments and win big victories against recalcitrant sovereign debtors (Peru and Argentina are the prime examples of litigation victories, but there are many others such as Greece where fear of litigation resulted in the sovereign paying up).
And in the Venezuelan case, because it has basically a single asset (oil generates 90% plus of its foreign currency earnings), with very extensive trade ties to the US, the sovereign is perhaps more vulnerable to high quality litigators than any other sovereign defaulter in history.
This is going to be fascinating to see play out
@carib
Letto ?
Risposta (rispondi a qualsiasi mail gli venga proposta se ben argomentata) di Gulati
Wonderful question. If we were to go back about fifteen years ago, then the story would have been that enforcing a judgment against a sovereign debtor was near impossible. But since then a combination of increased globalization, courts being increasingly willing to find reduced entitlements to immunity and creditors coming up with creative ways of finding assets to attach have resulted in creditors being able to both enforce judgments and win big victories against recalcitrant sovereign debtors (Peru and Argentina are the prime examples of litigation victories, but there are many others such as Greece where fear of litigation resulted in the sovereign paying up).
And in the Venezuelan case, because it has basically a single asset (oil generates 90% plus of its foreign currency earnings), with very extensive trade ties to the US, the sovereign is perhaps more vulnerable to high quality litigators than any other sovereign defaulter in history.
This is going to be fascinating to see play out
@carib
Letto ?
policeman
Forumer storico
sono comminciate le cause
Buina Serata a tutti
carib
rerum cognoscere causas
Grazie
carib
rerum cognoscere causas
letto.
Ventodivino
מגן ולא יראה
E' sorprendente (o forse no) leggere da Mitu una presa di posizione così netta.
Salvo che abbia la pct da Buchheit
) : mi sembra uno spottone per far causa (alla faccia della sua idea sventagliata a Settembre sul fatto che finisse in modo "iracheno" o iraniano)
Ultima modifica:
carib
rerum cognoscere causas
E' sorprendente (o forse no) leggere da Mitu una presa di posizione così netta.
Salvo che abbia la pct da Buichheit
non sono accademici, ma gente interessata a far soldi.
the one paying the piper calls the tune.
Non e' un caso che non vi sono casi rilevanti di società' petrolifere pubbliche dedite all'export andate e rimaste in default a lungo..
Ventodivino
מגן ולא יראה
Carib,
non fossi dentro, a 15,30 entreresti ?
PS
"entreresti" : si intende con pct adeguata (sopra al 2,5%).
carib
rerum cognoscere causas
se non fossi gia' investito.. su questi livelli comprerei un paio di milioni nominali.. solo per "vedere".
gain over
Nuovo forumer
Quindi la teoria dei "tubi arrugginiti" è stata solo una congettura senza alcun fondamento?