NML Capital, LTD. v. Argentina, U.S. Court of Appeals for the Second Circuit, October 26, 2012, by Orlando F. Cabrera C.

posted Dec 13, 2012, 2:30 PM by IACL   [ updated Dec 13, 2012, 2:56 PM ]

A judgment decided on October 26, 2012. Plaintiffs appealed from permanent injunctions entered by the U. S. District Court of the Southern District of New York (Griesa, J.) designed to remedy Argentina’s breach of its obligations to pay bondholders after the default on its sovereign debt of 2001. The Court of Appeals held that Argentina breached its promise and affirmed the underlying judgments of the district court. The case was remanded in part in order to clarify how the injunctions were to function.