Podcast appearances and mentions of lee buchheit

Join Tellimer's Senior Economist Patrick Curran as he sits down with Lee Buchheit to discuss Lee's recent paper with Gregory Makoff entitled “A Better Value Recovery Mechanism for Sovereign Debt Restructurings.” Patrick also picks Lee's brain about a range of developments across the sovereign debt restructuring landscape, including the debate on comparability of treatment and recent and ongoing restructurings in Zambia, Sri Lanka, Suriname, Ethiopia, Venezuela and Lebanon. The link to Lee's paper: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4926056 The Emerging Markets Podcast by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Tellimer⁠ ⁠⁠⁠⁠– the single point of entry to EM research and data. Edited and produced by⁠⁠ Cira Sarker. Artwork by ⁠Kristian Klamar⁠. Check out the full Tellimer offering ⁠⁠⁠⁠⁠⁠here.⁠⁠⁠⁠ The Emerging Markets Podcast dives into a range of topics in the emerging and frontier market world including investment themes, debt restructuring, elections, and geopolitical tensions. DISCLAIMER This podcast is provided for information purposes and represents the personal opinions of the speakers. It is not an offer or solicitation for investment in any securities, nor should it be regarded as investment advice. Tellimer Limited does not offer or provide personal advice and no mention of a particular security in this podcast constitutes a recommendation to buy, sell or hold that or any security, portfolio of securities, or enter any transaction or investment strategy. Nor is any such mention an indication that any investment is suitable for any specific person.

A Way to Use Frozen Russian Assets to Help Ukraine? There has been much chatter lately about a proposal from Lee Buchheit, Daleep Singh and Hugo Dixon to address concerns in Western nations about using frozen Russian assets to get Ukraine much needed war financing. One might ask why these nations are so concerned about confiscating Russian assets when they have already frozen the assets, seemingly in perpetuity. But apparently, the difference matters quite a lot. Our guests, Ingrid Brunk and Paul Stephan, are two of the most thoughtful and careful thinkers about international law and they help us understand the virtues and pitfalls of this new, and very creative, proposal. Producer: Leanna Doty

Lee Buchheit, Honorary Professor at the University of Edinburgh Law School, talks about the use of value recovery instruments to resolve sovereign debt workouts with Debtwire's Laura Gardner.Lee takes us back to the origins of these tools, which were first used as part of the 1990s Brady-era debt restructurings.While in principle used to sweeten the deal for bondholders agreeing to significant upfront debt relief, Lee argues that they face a number of difficulties, both from the debtor and creditor perspective.Lee then looks at recent cases in Suriname, Zambia, and Sri Lanka to see how they have incorporated new elements into their value recovery instruments.#sovereigndebt #zambia #suriname #srilanka #ghana #restructuring

Lee Buchheit, a former partner at Cleary Gottlieb and a veteran of sovereign debt restructuring, discusses the history and future of value recovery instruments. During his 43-year career at Cleary Gottlieb, Buchheit advised governments in many of the biggest sovereign restructurings, including Iraq, Argentina and Greece. #restructuring #distresseddebt #desbtrestructuring

UVA Law professor Mitu Gulati and Lee Buchheit, formerly of Cleary Gottlieb Steen & Hamilton, discuss how sovereign debt restructuring sparked by the COVID-19 pandemic will play out in 2022 and 2023. Dean Risa Goluboff introduced Gulati and Buchheit. (University of Virginia School of Law, March 22, 2022)

Host: Larry Bernstein. Guests are Wayne Federman and Lee Buchheit.

On this episode of Free Range, Mike Livermore speaks with sovereign debt experts Lee Buchheit and Mitu Gulati. Buchheit is a retired partner at international law firm Cleary Gottlieb Steen & Hamilton, whose practice centers on international debt restructuring and project finance. He has worked on more than two dozen sovereign debt restructuring deals, including leading the team that advised the Greek government during its 2012 debt crisis. Mitu Gulati is the John V. Ray Research Professor of Law at the University of Virginia School of Law. In addition to his academic work, he is the host of Clauses and Controversies, a podcast which examines the intersection of international finance and contract law. To start off, Buchheit and Gulati provide a bit of background into their careers and how the field of sovereign debt restructuring re-emerged in the 1980s, fifty years after it first appeared in the wake of the Great Depression. Buchheit then provides a detailed explanation of what, exactly, sovereign debt is, how it functions on the international stage, and its advantages and drawbacks, and then describes the kinds of circumstances that can cause nations to seek to restructure their debts (1:15 – 21:22). Continuing on from this, Buchheit explains the sovereign debt restructuring process, like the one Greece went through in the early 2010s, when the situation was so dire that some even suggested Greece sell the Acropolis (22:10 – 27:40). The conversation then shifts to analyzing broader questions about the current structure of global debt, and the potential sovereign debt crisis that looms over the global economy (28:52 – 41:00). The podcast concludes with a long discussion about a recent debt restructuring deal Buchheit worked on for the government of Belize, which incorporated certain environmental conservation goals as conditions of the restructuring. The specifics of the deal lead Gulati and Livermore to raise questions about whether sovereign debt contributes to economic disparities between the Global North and Global South (42:00 – 1:20:18). Professor Michael Livermore is the Edward F. Howrey Professor of Law at the University of Virginia School of Law. He is also the Director of the Program in Law, Communities and the Environment (PLACE), an interdisciplinary program based at UVA Law that examines the intersection of legal, environmental, and social concerns.

Recent Sovereign Debt Drama. Plus: Zambia's Weird Bond Contracts Are EU member states jointly and severally liable for EU bond debt? (No, of course not. Well, kind of…) Other than being fun at parties, what makes a “social” bond social? And has the G-20's Common Framework removed the need to worry about a wave of defaults and restructurings in the wake of the pandemic? Our guest this week is the eminent Lee Buchheit, who kindly fields these and other off-the-wall questions from us in the first half of the show. In the second half, we talk about Zambia and what a debt restructuring in that country might look like. Actually, we talk about weird clauses in the Zambian eurobonds that might be relevant in a restructuring. Can it really be the case that Zambia can unilaterally modify its way out of debt? Producer: Leanna Doty

Covid (and Other) Contingencies We close out 2020 with all-star guests Lee Buchheit, Joyce Chang, and Jeromin Zettelmeyer to discuss contingent debt instruments. Many economists extol the virtues of GDP-linked bonds, but investors are wary. Is caution appropriate? And what about the biggest modern contingency: the risk that COVID-19 will cause more economic harm than expected? Even in normal times, governments often receive less debt relief than they need, leading to multiple rounds of restructuring. We talk about the "COVID codicil" as a potential solution to this problem. Should investors fear or welcome it? Producer: Leanna Doty

In this episode, TwentyTwenty discusses how the COVID-19 pandemic might potentially play the match to a global sovereign debt tinderbox, particularly throughout emerging market economies, with Argentina explored as a case study. This week's interviewees: Lee Buchheit: the world's premier veteran of sovereign debt restructuring, having represented nearly 25 bankrupt countries in negotiations, including Greece's 2012 restructuring, the largest such debt workaround in history. Dr. Miguel Kiguel: former Undersecretary of Finance and Chief Advisor to the Argentine Economy Minister, Deputy General Manager for Economics and Finance at the Central Bank of Argentina, and current Director at EconViews. This episode was presented and edited by Elizabeth Dykstra-McCarthy with lead researchers for this episode, Max Klaver, Jonathan Regnier and Bryan Campbell Romero. The Executive Producer is Elizabeth Dykstra and Associate Producers, Jonathan Regnier Max Klaver, with Rachel Carp as Assistant Editor. Opening music: Tango de Manzana by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4460-tango-de-manzana License: http://creativecommons.org/licenses/by/4.0/

Rætt var um skuldakreppu sem gæti verið í vændum, og ummæli Lee Buchheit þar um. Velt var vöngum yfir nýsköpunarumhverfinu hér á landi, og vinnumarkaðnum. Þá kom Pegasus og verkefni í kvikmyndaiðnaði sömuleiðis við sögu í þætti dagsins.

Rætt var um skuldakreppu sem gæti verið í vændum, og ummæli Lee Buchheit þar um. Velt var vöngum yfir nýsköpunarumhverfinu hér á landi, og vinnumarkaðnum. Þá kom Pegasus og verkefni í kvikmyndaiðnaði sömuleiðis við sögu í þætti dagsins.

Imperial Chinese Bonds: Are They Coming Back to Life in 2020? Bloomberg's Tracy Alloway, financial reporter extraordinaire, and sovereign debt guru Lee Buchheit join us for a discussion of zombie sovereign bonds. Over the last year, there have been stories in Bloomberg, the Financial Times and on NPR on the possible resuscitation of claims against China for non-payment of bonds that were issued over a century ago by the Imperial Government. The driving force for these stories has been the efforts of a group of supporters of President Trump who apparently hold a big bunch of these antique bonds and want President Trump to negotiate a settlement for them as part of his trade talks with China. Producer: Leanna Doty

Guest speakers include Iddo Tavory, Patrick Sharkey, Alejandro Werner, Miguel Kiguel, Hurley Doddy, and Lee Buchheit.

Emerging markets experts Lee Buchheit and Mitu Gulati join Felix Salmon and Anna Szymanski to discuss how emerging markets are faring in the COVID-19 crisis, the Argentine debt default, and Pac-Man.  And in the Plus segment: Lee’s crisis sovereign-debt-relief plan.  Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck Learn more about your ad choices. Visit megaphone.fm/adchoices

Emerging markets experts Lee Buchheit and Mitu Gulati join Felix Salmon and Anna Szymanski to discuss how emerging markets are faring in the COVID-19 crisis, the Argentine debt default, and Pac-Man.  And in the Plus segment: Lee’s crisis sovereign-debt-relief plan.  Email: slatemoney@slate.com Podcast production by Jessamine Molli. Twitter: @felixsalmon, @Three_Guineas, @EmilyRPeck Learn more about your ad choices. Visit megaphone.fm/adchoices

The economic crisis will result in an extraordinary amount of pain for emerging markets. In addition to the health disruption, the global economic collapse means that in many cases, exports have come to a standstill. So how can poorer countries be helped right now? On this episode, we speak with three experts in the field of sovereign debt. Lee Buchheit is formerly at Cleary Gottlieb and is considered to be the world’s foremost expert on sovereign debt law and restructurings. Mitu Gulati is a professor at Duke University School of Law and Ugo Panizza is a professor at the Graduate Institute of International and Development Studies in Geneva. The three have been working throughout the crisis to help put together a comprehensive aid plan for EMs. They talk to us about what it would look like, and why moving it forward has proven to be so difficult.

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. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial.

On September 19, 2019, Odd Lots hosted its first-ever live event at the WNYC Greene Space in downtown New York City. With an all-star lineup of guests, the show featured convicted white-collar criminal Sam Antar, a panel on sovereign debt with Lee Buchheit and Brad Setser, and a discussion on MMT with Stephanie Kelton. We even had a surprise guest, SPY kid Kevin McGrath, not to mention two musical acts: country-singing economist Merle Hazard and a performance by Joe himself. Be sure to check out videos from the event on Bloomberg's Markets and Finance channel on YouTube. 

Slate Money nerds out about sovereign debt in the past (Ecuador, Argentina, Greece), present (Venezuela, Puerto Rico), and future (Italy) with Felix Salmon, Anna Szymanski, Mitu Gulati, and Lee Buchheit. In the Slate Plus segment, Felix, Anna, Lee, and Mitu discuss the contentious court case between Russia and Ukraine. Email: slatemoney@slate.comTwitter:@felixsalmon, @Three_Guineas, @EmilyRPeck Production by Max Jacobs. Listen to Slate Money via Apple Podcasts, Overcast, Spotify, Stitcher, or Google Play. Learn more about your ad choices. Visit megaphone.fm/adchoices

Slate Money nerds out about sovereign debt in the past (Ecuador, Argentina, Greece), present (Venezuela, Puerto Rico), and future (Italy) with Felix Salmon, Anna Szymanski, Mitu Gulati, and Lee Buchheit. In the Slate Plus segment, Felix, Anna, Lee, and Mitu discuss the contentious court case between Russia and Ukraine. Email: slatemoney@slate.comTwitter:@felixsalmon, @Three_Guineas, @EmilyRPeck Production by Max Jacobs. Listen to Slate Money via Apple Podcasts, Overcast, Spotify, Stitcher, or Google Play. Learn more about your ad choices. Visit megaphone.fm/adchoices

Lee Buchheit and Mitu Gulati, two of the world's foremost experts on sovereign debt restructuring, join the FT's Robin Wigglesworth to explain Venezuela's looming debt crisis and options for solving it, while the country's economic collapse and humanitarian problems continue to worsen. See acast.com/privacy for privacy and opt-out information.

FT capital markets correspondent Robin Wigglesworth and FT Alphaville reporter Joseph Cotterill talk to Lee Buchheit, Cleary Gottlieb lawyer and sovereign debt restructuring expert. See acast.com/privacy for privacy and opt-out information.