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.
The firm pulled together a team of lawyers from across practice areas, including capital markets and government relations, from various geographies to push the transaction across the finish line.
