PE Firms' $1.6B Argentina Bond Win Backed By 2nd Circ.

Law360, New York (October 26, 2012, 2:28 PM EDT) -- The Second Circuit on Friday ruled that Argentina must repay approximately $1.4 billion to private equity firms and other investors that opted out of restructuring deals on the country's debt following its 2001 default.

In a unanimous opinion, a three-judge panel rejected the South American nation's argument that it did not violate the equal treatment provision on the bonds by refusing to honor debts owed to private equity firm NML Capital Ltd. and other investors who opted out of restructuring offers Argentina extended in 2005 and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.