Christopher Graham Quoted in Article on Russia's Tussle with Bondholders
Partner Chris Graham was quoted in an article regarding the impact on bondholders if sanctions push Russia to a default.
As the Bloomberg financial reporting team learned from consulting with Chris:
A legal procedure could even be started by one of the banks in the payment chain, according to Christopher F. Graham, a bankruptcy and restructuring partner at White and Williams in New York.
If the money is with one of the intermediaries, “the intermediary or indenture trustee could start what’s called an inter-pleader, deposit the money with the court and tell the court, ‘We have this money, we’ve got this indenture, and now we have all these sanctions, so please tell us what we should do’,” he said.
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