Managing Sovereign Risk on a Transaction – What Commercial Parties Need to Know
State involvement in commercial transactions continues to increase, presenting a distinct area of legal risk for commercial parties.
Why does this matter?
Put simply, a state's claim to immunity may mean a commercial party is unable to secure legal redress, in the event of a state default or breach of contract or other legal wrong. Even if a commercial party can overcome the issue of immunity and obtain a judgment or arbitral award, it may then be unable to enforce against a state's assets, potentially rendering any judgment or award worthless.
Join Sarah Garvey, Michael Ware and Alex Lakatos as they discuss:
- The key risks under US and English law facing commercial parties on deals with a state or state entity
- How best to mitigate those risks
- The position of international organisations, such as multilateral development banks, many of whom enjoy immunities and other privileges
CLE credit is pending.
Thursday, May 9, 2024
United States
11:00 a.m. – 12:00 p.m. EDT
10:00 a.m. – 11:00 a.m. CDT
9:00 a.m. – 10:00 a.m. MDT
8:00 a.m. – 9:00 a.m. PDT
Europe
4:00 p.m. – 5:00 p.m. BST
5:00 p.m. – 6:00 p.m. CEST
For additional information, please contact Kelsi Oliver at koliver@mayerbrown.com.
