This Note examines the origins, development, and mechanics of debt-equity swap programs in Latin America before discussing the various goals and policy considerations involved in formulating debt-equity swap programs. Next, the Note describes Russia's debt situation and sketches the outlines of a debt-equity swap program that will reduce Russia's foreign debt while stimulating foreign direct investment.
Thomas M. Reiter,
The Feasibility of Debt-Equity Swaps in Russia,
Mich. J. Int'l L.
Available at: http://repository.law.umich.edu/mjil/vol15/iss3/12