Flag of Ecuador. Photo: Shutterstock.com Hogan Lovells Advises Ecuador on Complex Debt Restructuring
The longtime client has been struggling with low prices and demand for a key export—oil—on top of a crippling outbreak of COVID-19.
August 31, 2020 at 05:00 PM
4 minute read
Hogan Lovells represented the Republic of Ecuador in one of the first-ever tests of "collective action clauses" in capital markets transactions, helping the country complete a complex restructuring of $17.4 billion in debt as the longtime client struggles with low oil prices on top of a crippling outbreak of COVID-19.
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