Bondholders Seek To Weigh In On Sri Lanka Debt Case In New York Court

COLOMBO (News 1st); Lawyers representing the members of the Steering Committee of the ad hoc group of international bondholders of the Sri Lanka, which includes some of the world’s largest financial institutions have filed a motion in the Southern District Court of New York.

They are requesting to file an amiscus brief with regard to the action filed against Sri Lanka by Hamilton Reserve Bank Limited.

They added that 'The Steering Committee' has been working with Sri Lanka on restructuring Sri Lanka’s external debt over an extended period of time.

In the briefing on Sri Lanka’s most recent Stay Motion, both plaintiff Hamilton Reserve Bank and defendant Sri Lanka made statements and characterizations about the status of negotiations between Sri Lanka and the Steering Committee, some of which contradict each other.

Like other non-parties involved in these complex and multi-faceted negotiations, the Steering Committee respectfully requests the opportunity to add its perspective as the Court considers Sri Lanka’s requested stay.

Accordingly, the Steering Committee respectfully requests the Court’s leave to submit the short amicus submission