The SEC was formed after the 1929 market crash to handle bond restructurings. In 1939, collective action clauses were banned in US corporate bonds. In 2002, the IMF proposed a transnational bankruptcy regime, but the US Treasury didn't support it.
The Americas Core Credit team at Reorg takes a look back at the past week and previews what's to come in the week ahead, and LatAm team lead Kyle Owusu has a discussion on Argentina and Venezuela with sovereign restructuring veteran Lee Buchheit.
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