adopted the broader interpretation of the pari passu clause, which could potentially affect the way that other non-litigating creditors of Argentina are paid and the way that the payment intermediaries conduct their business.

EMTA is pleased to present a Special Seminar on “Argentina and Its Pari Passu Clause”.

This Seminar will be held on Wednesday, April 18, 2012, at 360 Madison Avenue (on 45th St. between Madison and 5th Aves.), 17th Floor in New York City.

Registration is at 11:15 a.m.

Discussion will begin at 11:30 a.m. (and end at 1:30 p.m.)

Lunch will be served.

Argentina has been the subject of a number of court decisions, most recently the December 2011 and February 2012 Orders, in which Judge Griesa has seemingly adopted the broader interpretation of the pari passu clause, which could potentially affect the way that other non-litigating creditors of Argentina are paid and the way that the payment intermediaries conduct their business. Without re-litigating these decisions, EMTA’s panel will explore some of the issues raised by the plaintiffs, the defendant and various amici in these cases (including differing interpretations of the pari passu clause, as well as appropriate remedies for breaches of sovereign obligations).

James Kerr (Davis Polk) and Whitney Debevoise (Arnold & Porter) will lead the discussion.

Recent litigation involving Argentina can be found in the Argentina area of EMTA’s website: http://www.emta.org/template.aspx?id=5015.

This presentation is part of a continuing series of panels and presentations that EMTA is pleased to sponsor on various topics of interest to Emerging Markets investors and other market participants, and is part of EMTA’s Legal & Compliance Seminars. CLE credit for NY attorneys is pending. This seminar is non-transitional and appropriate for experienced attorneys only. Please click here or details on EMTA’s Financial Hardship Policy.

Views expressed by panelists and presenters are their own and do not necessarily reflect those of EMTA or of any of its member firms.

Attendance

Attendance for EMTA members is US$50 / Non-members is US$495.

Registration

To register, please CLICK HERE if you have previously registered for an EMTA event or you are an EMTA member with login credentials.

Or, if you have never before registered for an EMTA event or you are an EMTA member without login credentials, please CLICK HERE.

Cancellation

Cancellations must be received by 11:30 a.m. (EST), Tuesday, April 17, 2012, or you will be charged the full amount. Substitute delegates may be sent at no additional charge. Please contact Suzette Ortiz at sortiz@emta.org.

For more information, please contact Aviva Werner at EMTA at +1 (646) 289-5412 or by email at awerner@emta.org.

EMTA offers a wide range of Emerging Markets information. Please see our website at: http://www.emta.org.

This e-mail was sent from EMTA, Trade Association For The Emerging Markets (sortiz@emta.org) to rolfjkoch@web.de.