Rodrigo Olivares-Caminal, Professor of Banking and Finance Law at CCLS, co-chaired a Working Group of Experts with Hon Sir Robin Knowles CBE on sovereign debt. The group was convened by the Financial Markets Law Committee of the Bank of England with the aim of addressing issues of legal uncertainty or misunderstanding in the financial markets.
On this occasion, Professor Olivares-Caminal contributed to a joint publication, following a request from representatives of the International Monetary Fund. The resulting paper is on the the role, use and meaning of Pari Passu Clauses in Sovereign Debt Obligations as a matter of English Law.