Resumen de Remarks on the 2012 Greek Sovereign Debt Restructuring: Between Choice-of-Law Agreements and New EU Rulles on Derivative Instruments

Francesca C. Villata

• 1. Introduction.- 2. Sovereign Debt Issuances: Cros Border Implications.- 3. The 2012 Restructuring of the Greek Sovereign Debt. The CACs.- 4. Greek Sovereign Debt Securities Governed by Italian Law.- 5. Choice-of-Law Agreements in Respect of the New Greek Sovereign Debt Instruments.- 6. The Law Applicable to the Non-Contractual Profiles.- 7. The Credit Default Swaps ("CDS") Relating to the Greek Sovereign Debt. The EU Regulation No 236/2012 and the Proposed Recast of MiFID.- 8. Conclusions.