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Argentina's default in late December on $132 billion in sovereign debt is a sad but familiar story among developing nations. Until recently, countries were able to renegotiate their debt in relative safety from the specter of lawsuits, protected by the sovereign immunity doctrine. Now, not only can defaulting countries expect to get sued, but so can their agents and even third parties.
April 05, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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