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The Basel Committee on Banking Supervision ("BCBS") published the finalised Liquidity Coverage Ratio ("LCR") on 7 January 2013. The finalised LCR is less onerous than the original formulation published in December 2010 and should therefore...

Three judgments handed down on 28 March 2013 by the French Cour de Cassation continue to restrict the ability of private creditors to enforce post-judgment measures against State assets

Holdout creditors who refused to take part in Argentina's two debt restructurings have won a major victory in the New York courts by relying on a pari passu clause, overturning the conventional wisdom as to the meaning of this clause. The courts decided that...