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ARTICLE · 02 SEPTEMBER 2013

Don’t Cry For Me Argentine Bondholders: The Second Circuit Rules

A&O Shearman
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On August 23, the Second Circuit issued its long-awaited opinion on Argentina's appeal from the Southern District's amended injunction requiring that Argentina make "ratable payment" to the plaintiffs when it next makes payment to holders of its Exchange Bonds.

United StatesFinance and Banking
A&O Shearman
A&O Shearman
Antonia Stolper
Antonia Stolper
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On August 23, the Second Circuit issued its long-awaited opinion on Argentina's appeal from the Southern District's amended injunction requiring that Argentina make "ratable payment" to the plaintiffs when it next makes payment to holders of its Exchange Bonds. Argentina lost comprehensively, in a carefully written and unanimous decision that is highly critical of Argentina's treatment of its creditors, and is quite clearly designed to minimize Argentina's prospects for a successful petition for certiorari to the Supreme Court.

On August 23, the Second Circuit issued its long awaited opinion on Argentina's appeal from the Southern District's amended injunction requiring that Argentina make "ratable payment" to the plaintiffs when it next makes payment to holders of its Exchange Bonds. Argentina lost comprehensively, in a carefully written and unanimous decision that is highly critical of Argentina's treatment of its creditors, and is quite clearly designed to

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