Topic
Sovereign Debt
155 published works
Crunched Credit
Interest Rates Will Be Higher (for Much) Longer
By Rick Jones
I told you, didn't I? Tacky of me to say, to be sure, but I have been harping on this for the better part of a year. Interest rates will remain elevated…
The CLS Blue Sky Blog
Does Loss of Natural Assets Raise Public Borrowing Costs?
By Renholding
Forests, fisheries, freshwater, and biodiversity are not only environmental resources. They also support economic activity and growth. When these natural assets deteriorate, the consequences can ripple through the economy and…
The CLS Blue Sky Blog
Restructuring Venezuela’s Sovereign Debt and Rebuilding Its Economy Post-Maduro
There has been a certain ebullience in market sentiment toward Venezuela since the capture in early January of former Venezuelan president Nicolás Maduro by U.S. military forces. Venezuelan sovereign and…
Cleary Foreign Investment and International Trade Watch
OFAC Lifts Belarus Sovereign Debt Ban, Eases Sanctions on Belarusian Potash Sector
By Chase D. Kaniecki, Samuel H. Chang, Yulia A. Solomakhina, Ana Carolina Maloney, Kerry Mullins
On March 26, 2026, the U.S. Department of the Treasury (Treasury), Office of Foreign Assets Control (OFAC) rescinded Directive 1 under Executive Order (E.O.) 14038, which had prohibited transactions in…
ContractsProf Blog
Tuesday Tips for the Week of February 23, 2026
Ulrich Bindseil & Mitu Gulati Ulrick Bindseil Mitu Gulati Foreign Bonds, Territorial Change and Repudiation: The Silesian Bonds Saga Abstract Once a famous tale of conquest, law and foreign bond…
ContractsProf Blog
Teaching Assistants: Choi, Gulati, and Scott on Contract Hazards
Mitu Gulati (below) was kind enough to share with me the manuscript of his new book, co-authored with Stephen Choi (farther below) and Robert Scott (farthest below), Contract Hazards: Lawyers…
Free Writings + Perspectives
Working on Sovereign Capital Markets Transactions
By Sarah Garvey, Thomas Kollar, Rafe Khokhar, Peter Pears
Webinar | February 12, 20269:00 a.m. – 10:00 a.m. ETRegister here. We will look at the key items to consider when working on sovereign capital markets transactions. How do documentation standards,…
The CLS Blue Sky Blog
The Outlook for Restructuring Venezuela’s Sovereign Debt After Maduro
The capture of Nicolás Maduro by U.S. forces in the early morning hours of January 3, 2026 produced dramatic headlines, but a key question is whether his removal significantly affects…
The CLS Blue Sky Blog
Fiscal and Foreign Relations Dimensions of Financial Stability Regulation
By Ilya Beylin
There is a venerable history of interdependence between sovereign debt and the financial system. The national banking system in the U.S. arose as a solution to fiscal challenges the Union…
The CLS Blue Sky Blog
Yet Another Potential Economic Shock to Emerging Economies
Tariffs have been front-page news for the last few months, virtually since the moment that the Trump Administration came into office. Along with this news has come considerable commentary on…