Argentine Central Bank May Not Be Immune: Judge

Law360, New York (August 25, 2010, 6:38 PM EDT) -- Heightened immunity standards may not shield Argentina's central bank from bond investor efforts to seek more than $2.4 billion in judgments that the country has failed to pay, an appeals court judge suggested during arguments Wednesday.

Judge Chester J. Straub told a lawyer for Argentina during arguments in the U.S. Court of Appeals for the Second Circuit that the court might not even need to evaluate whether those standards apply in determining if investors EM Ltd. and NML Capital Ltd. can seek recovery from the bank....
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