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Abstract
In the period right after the Argentine default in 2001 Anne Krueger, the first deputy managing director of the IMF, gave a speech in which she introduced a sovereign debt restructuring mechanism – the SDRM – essentially a transnational bankruptcy code for sovereigns. For the rest of that year and into 1983, country after country fell into the same process. Because the firm had represented Mexico – it was very much the flagship restructurer – a number of those other countries called the firm, and I quickly realised this had the potential to be a standalone practice area. [...]that the next government be one that is acceptable to the international community. [...]every lawyer is a patchwork of the techniques, habits, even ways of speaking that they will have picked up from the senior lawyers with whom they have worked over the years.