Russia Bondholders Have No Hope With Default, Top Lawyer Says

Russian government bondholders would be left with no viable path to recover their money if the country defaults, according to one of the top global lawyers in sovereign debt litigation.

Jay Auslander, who worked with Argentina holdout creditors in 2016, believes there would be little scope for litigating Russia in court in case of a default at least until the end of the conflict in Ukraine.

“Bondholders getting paid depends entirely on this conflict getting resolved and Russia coming back to the world stage,” he said in an interview with Bloomberg News.

Russia has so far honored all of ...