Government

Asli  Orbay Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA

A new type of court restructuring proceeding has been introduced in Poland as part of the COVID-19 crisis legislation: simplified restructuring proceedings available until June 2021, allowing the debtor to individually initiate the proceedings, said Karol Czepukojc and Pawel Dlugoborski, two counsels co-heading Baker McKenzie’s restructuring and insolvency practice in Poland.

Laura  Gardner Cuesta Laura Gardner Cuesta Senior Reporter, Debtwire CEEMEA

Angola’s Eurobonds have been one of the most volatile since the advent of the coronavirus crisis. The oil exporter has been dealt a crushing three-way blow by the COVID-19 pandemic, as economic and health crises exacerbate the revenue loss from lower crude prices.

Alesia Sidliarevich Alesia Sidliarevich Associate Editor, CEEMEA, Debtwire

Joint lead managers of the Government of Belarus's USD 1.25bn Eurobonds issued in June - Citigroup, Raiffeisen Bank International (RBI) and Societe Generale - and secondary market trader Barclays have been sent letters urging the lenders to terminate involvement with the notes, according to the correspondence with the banks seen by Debtwire.

Laura  Gardner Cuesta Laura Gardner Cuesta Senior Reporter, Debtwire CEEMEA

Political uncertainty continues to grip Lebanon after the country missed a deadline set by French president Emmanuel Macron to form a government and unlock critical financing this week. As efforts to fill a cabinet led by premier Mustafa Adib continue in earnest, we outline the main issues facing the crisis-stricken country and how they impact its USD 90bn sovereign debt restructuring.

Asli  Orbay Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA

Still reeling from the aftermath of the currency crisis in Summer 2018, Turkish corporates are poorly positioned to weather a fresh storm caused by the coronavirus pandemic, according to market participants polled by Debtwire.

Newly issued Belarusian sovereign Eurobonds continue to trade with wide spreads on mounting investor concerns ahead of the 9 August presidential elections. A peaceful transition of power in the style of the 2018 Armenian ‘Velvet revolution’ is the most desirable but nearly impossible outcome for the country which has been under the strong grip of Aliaksandr Lukashenka for the last 26 years, agreed most of the experts polled by Debtwire.

Asli  Orbay Asli Orbay Reporter, Arbitration and Litigation, Debtwire CEEMEA

The Kingdom  of Bahrain enacted a new bankruptcy law in December 2018, sweeping away its previous legislation and replacing it with a thoroughly modern toolkit. The law is a revolutionary improvement compared to what existed before, said lawyers polled by Debtwire.

With few signs that a financial fix for Turkey’s debt-laden energy sector – proposed by the government earlier this year – is any closer to materialising, concern is mounting that not enough is being done to achieve an urgently needed operational turnaround in the industry, several market participants told Debtwire.

Tomas  Cutts Tomas Cutts Reporter, Russia & CIS, Debtwire

Ukrainian bonds have had a roller-coaster week so far but have recovered to levels above last Friday’s (24 May) close, following supportive comments from President Volodymyr Zelensky’s team and a global investor call held by the country’s ministry of finance on 29 May, according to an analyst and a trader.

Load more