For more than a decade, the Republic of Argentina fought tooth-and-nail to fend off bondholders–the country long derided them as “vultures”–looking to force a full payout on billions of dollars in defaulted sovereign debt.
But after years of refusing to obey court judgments in the U.S., Argentina changed its tune after a new president took office last year, and in February the government hired new lawyers at Cravath, Swaine & Moore to finally put the litigation behind it. On Wednesday, Cravath and its appellate co-counsel at Bancroft vindicated Argentina’s strategy at the U.S. Court of Appeals for the Second Circuit, helping the country regain its footing on the global financial stage.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]