As the European financial crisis continues to evolve, serious concerns have emerged about the possibility of Greece, and potentially other countries, exiting the Eurozone. Such a scenario would pose serious risks for lenders, investors and other counterparties with European exposure. Market participants should prepare for this possibility by considering related implications and strategies, including under credit and derivative agreements governed by New York or English or other European laws.
In this teleconference, Mayer Brown partners from the United States, the United Kingdom and Germany will discuss certain aspects of the current Eurozone crisis of particular relevance to financial institutions and other market participants with exposure to Eurozone debt, including:
- The possible mechanics of a withdrawal from the Eurozone
- The effect of a redenomination on contractual liabilities
- Enforcement of judgments rendered in euros against assets located in a withdrawing state
- Contingency planning and risk management for exposures in the Eurozone
- Related issues in EU insolvency proceedings
Please join Mayer Brown partners, Chris Arnold, Philippa Charles, Barbara Goodstein, Ashley Katz and Jörg Wulfken as they discuss the wide ranging implications of one or more Member States withdrawing from the Eurozone.