New York state lawmakers ended the 2023 legislative session without voting on twin bills meant to overhaul the process for restructuring sovereign debt. That puts the proposed measures, which stood to cap how much private creditors could receive from governments when re-negotiating debt, on ice - at least until state senators and assembly members reconvene for the 2024 session in January. Proponents of the bills have vowed to push ahead on the legislation, which can be picked up where it was left in the New York assembly's ways and means committee and the senate's judiciary committee.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-06-12-story-h-267931260-EM_restructuring_bills_deferred_to_2024_as_NY_lawmakers_break

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