2nd Circ. OKs Argentine Bondholders' $310M Collateral Win
By Dorothy Atkins ( August 21, 2024, 7:01 PM EDT) -- The Second Circuit on Wednesday affirmed a finding that Argentina must turn over to its onetime bondholders reversionary interests worth over $310 million in collateral backing so-called Brady Plan bonds from the 1990s that recently matured, rejecting the country's arguments that the Foreign Sovereign Immunities Act shields its interests in the collateral....
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