Max Planck Lecture Series
on Sovereign Debt

Wednesday, 14 December 2016, 16:00

“Proposals for Reform of Sovereign Debt Restructuring: The Statutory Approach”

Fifteen years after the International Monetary Fund’s famous attempt to implement a multilateral legal framework for sovereign debt restructuring (SDRM), there is a renewed interest in such mechanisms at the international level (see UN General Assembly Resolution 68/304). The proposed legal frameworks are based on the presumption that the decentralized, market-based approach is deficient, hence the need for a more comprehensive reform. This second lecture about the proposals for reform will focus on the soundness and the practicability of statutory approaches to sovereign debt restructuring.

Mr. Lee C. Buchheit (Cleary Gottlieb)

Mr. Lee Buchheit is a senior partner in the Sovereign Practice Group at Cleary Gottlieb Steen & Hamilton LLP, based in New York. He has previously served in the Washington, D.C., London and Hong Kong offices of the Firm. Mr. Buchheit regularly advises sovereign borrowers on their debt management activities. Over the last 30 years, Mr. Buchheit has worked on the debt restructurings of more than 20 countries including Mexico, the Philippines, Russia, Iraq and Greece.

Prof. Luis M. Hinojosa-Martinez (Granada University)

Prof. Luis M. Hinojosa-Martinez is Director of the Department of Public International Law and International Relations of Granada University and Vice-President of the ESIL. After working as an attorney in Brussels (Van Bael and Bellis law firm), he joined Granada University teaching staff. Prof. Hinojosa has delivered speeches in universities and institutions worldwide. His main areas of teaching and research include international economic law, European Union law, and international terrorism. He has published extensively on the regulation of the European Single Market, above all on the free movement of capital and the integration of European financial markets. He has dealt with the application of European law by national judges, European and international tax law, EU competencies and external economic relations. He has also analysed the legal instruments to fight terrorism, and its implications for human rights, as well as published on the concepts of sovereignty and globalization, transparency of international financial institutions, the economic analysis of law and various issues of international economic law. He has written/edited books on the European banking union (2015), international economic law (2010), international legal instruments against the financing of terrorism (2008), the competencies of the European Union (2006), fair trade and social rights (2002) and the international and European regulation of capital movements (1997). Prof. Hinojosa has been Visiting Scholar in the Stetson School of Law and in Berkeley University.

To download the poster of the event, please click here.

For a picture gallery of the lecture, please click here.

Max Planck Institute Luxembourg
Conference room, 4th floor
4, rue Alphonse Weicker
L-2721 Luxembourg

Contact person:
Sabrina Logrillo; (+352) 269488 926;