Sovereign Debt Restructuring; What can we learn from Argentina, Greece and Ukraine?

Summary

Why does sovereign debt restructuring matter and why is it so hard to get right? Using Argentina, Greece and Ukraine as examples, this talk will look to not only answer those questions, but identify the unique challenges faced when restructuring sovereign debt and explain how sovereign debt reform could promote quicker economic recovery.   
 

Biography of Andrew Wilkinson

Andrew Wilkinson is a partner in the European Restructuring team at Weil, Gotshal & Manges. He has over 30 years of insolvency and restructuring experience as a lawyer, and then as a banker. Before joining Weil, Andrew was European Head and co-Head of Restructuring at Goldman Sachs.
 
His experience includes many significant public, creditors and private company restructurings across Europe, representing debtors on major restructurings, working on securitisations and structured deals, financial institution restructurings and insolvencies, and advising government bodies and financial institutions. He pioneered the use of schemes of arrangement for high yield bond restructurings in Europe.
 
Andrew set up and teaches a post-graduate LLM module on financial restructuring at UCL where he is a Visiting Professor. He is a co-author, together with AFME and Frontier Economics, of a report submitted to the European Commission on 22 February 2016 entitled “The potential economic gains from reforming insolvency law in Europe”.
 
Andrew completed his BA and BCL at Jesus College.