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	Podcast:		Clauses & Controversies
	Episode:		Ep 17 Ft. Andy Hessick
	Category:		Education
	Duration:		00:37:03
	Publish Date:		2020-11-09 14:14:28
	Description:		Judgments 1, CACs 0 If a bondholder sues and gets a judgment before a sovereign can restructure its debt, does the bondholder escape the restructuring? If so, will countries like Venezuela--which can't restructure any time soon and is increasingly a target of litigation in U.S. courts--be left without restructuring tools? Federal courts guru Andy Hessick (UNC Law) patiently explains why a restructuring vote under a collective action clause has no effect on a judgment. But governments needn't worry. There are plenty of other tools at their disposal. Producer: Leanna Doty
	Total Play:		0