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This month, we discuss NML Capital v. Republic of Argentina,1 in which the U.S. Court of Appeals for the Second Circuit affirmed a lower court order imposing injunctive relief against the Republic of Argentina in connection with the nation’s 2001 default on its sovereign debt. In its decision, written by Judge Barrington Parker and joined by Circuit Judges Rosemary Pooler and Reena Raggi, the court concluded that Argentina breached a promise to repay certain bondholders in the wake of the nation’s default, and upheld a wide-ranging injunction designed to help cure the breach.

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