NML Capital Ltd v Republic of Argentina - 12-105-cv-L - 2nd Circuit Upholds Pari Passu Remedies - 23 August 2013
Defendant-Appellant the Republic of Argentina, Non-Party Appellants, and Intervenors appeal from amended orders issued by the United States District Court for the Southern District of New York (Griesa, J.). The amendments explain certain aspects of those orders which were designed to remedy Argentina’s breach of a promise to pay bondholders after a 2001 default on its sovereign debt. We hold that the district court did not abuse its discretion in issuing the orders. AFFIRMED.