Lawyers representing the Steering Committee of the ad hoc group of international bondholders of Sri Lanka, which includes some of the world’s largest financial institutions, have filed a motion in the Southern District Court of New York.
The motion requests permission to file an amicus brief in the ongoing case filed against Sri Lanka by Hamilton Reserve Bank Limited.
The Steering Committee, which has been working with Sri Lanka on restructuring the country’s external debt over an extended period, noted that in the briefing on Sri Lanka’s most recent Stay Motion, both the plaintiff, Hamilton Reserve Bank, and the defendant, Sri Lanka, made statements about the status of negotiations with the Steering Committee that contradict each other.
As a non-party involved in these complex negotiations, the Steering Committee respectfully seeks the opportunity to present its perspective as the Court considers Sri Lanka’s request for a stay.
Accordingly, the Steering Committee requests the Court’s permission to submit a brief amicus submission.
