After it defaulted on billions in debt a decade ago, Argentina arrived at a repayment plan that prioritized holders of restructured debt. The Second Circuit has now affirmed a groundbreaking injunction that upends that repayment scheme. The ruling could result in a long-awaited $1.3 billion payment to a group of hedge funds led by NML Capital Management and represented by Gibson Dunn's Ted Olson.
Second Circuit Rules for Hedge Funds in Argentinian Debt Repayment Case
The Litigation Daily
October 30, 2012
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