United States: New York banking law: restructuring sovereign debt.

Mak, Charles Ho Wang

Abstract

In May 2021, New York lawmakers introduced a bill to amend the banking law concerning restructuring unsustainable sovereign and subnational debt (Bill). This amendment offers effective mechanisms to restructure unsustainable sovereign and subnational debt. This article seeks to argue that, once the Bill has been passed, New York law will likely become the prevailing governing law that parties choose for their sovereign debt contracts.

Citation

MAK, C.H.W. 2022. United States: New York banking law: restructuring sovereign debt. Journal of international banking law and regulation [online], 37(4), pages N50-N51. Available from: https://uk.westlaw.com/Document/IBBF1CE20A0D411EC9337C4DDB089045C/View/FullText.html

• Journal Article Type: Commentary
• Acceptance Date: Jan 2, 2022
• Online Publication Date: Mar 14, 2022
• Publication Date: Apr 30, 2022
• Deposit Date: Jul 19, 2023
• Publicly Available Date: Jul 19, 2023
• Journal: Journal of international banking law and regulation
• Print ISSN: 1742-6812
• Publisher: Sweet and Maxwell
• Peer Reviewed: Peer Reviewed
• Volume: 37
• Issue: 4
• Pages: N50-N51
• Keywords: Sovereign debt; National debt; Subnational debt; Debt restructuring; New York
• Public URL: https://rgu-repository.worktribe.com/output/2015233
• Publisher URL: https://uk.westlaw.com/Document/IBBF1CE20A0D411EC9337C4DDB089045C/View/FullText.html