Quinn Emanuel Urquhart & Sullivan has defeated a High Court summary judgment and strikeout application brought by the Republic of Argentina in a bondholder dispute for €645 million plus interest.
The claim relates to euro-denominated securities issued between 2005 and 2010 that came with yearly payments linked to gross domestic product growth. Claimants including Palladian Partners argue that the South American country breached its contract in 2014 by rebasing its GDP calculations to 2004 prices from 1993 prices.
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