Second Circuit Agrees to Stay Argentine Debt Ruling

, The Litigation Daily

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The Republic of Argentina and a group of bondholders managed to stop the clock Wednesday on a looming debt repayment that might have thrown the country into default in a mere two weeks. The order by the Second Circuit also puts related appellate litigation on a fast track, ensuring that the increasingly high-profile lawyers involved will be spending the holidays and early next year buried in briefs.

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