IIF proposals for Greek debt exchange and buybacks unlikely to trigger credit event – ISDA general counsel David Geen

Terms of IIF offer on Greek debt exchange and buybacks are voluntary and therefore would not constitute a CDS trigger

http://www.forexlive.com/blog/2011/07/22/iif-proposals-for-greek-debt-exchange-and-buybacks-unlikely-to-trigger-credit-event-isda-general-counsel-david-geen/