2nd Circ. Looks To NY Court In Argentina Bond Appeal

Law360, New York (September 24, 2010, 7:04 PM EDT) -- A federal appeals court has upheld part of a ruling forcing Argentina to make good on late interest payments on hundreds of millions of dollars in bonds, but it certified to a New York state court the question of whether plaintiffs have the right to demand additional interest on the interest.

Argentina failed to convince a three-judge panel on the U.S. Court of Appeals for the Second Circuit to reform a 50.5 percent post-maturity interest rate for unconscionability but may have better luck with its bid...
To view the full article, register now.