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Results: 1-10 of 33

Court holds New York Convention covers domestic awards that are “foreign in character”

  • Jorden Burt LLP
  • -
  • Argentina, USA
  • -
  • June 24 2010

A U.S. District Court has denied the Republic of Argentina’s motion to vacate a $185 million dollar arbitration award in favor of a British investor in Argentinean gas distribution

Argentina increases bonds offered by $600 million post US order to freeze its assets

  • Diaz Reus
  • -
  • Argentina, USA
  • -
  • June 30 2010

In response to a request from eight plaintiff class-action groups holding defaulted Argentine bonds, US District Court Judge Thomas P Griesa today issued a restraining order that freezes up to $2.43 billion in Argentine government assets held by Banco de la Nación Argentina

Argentine instrumentality not the government's alter ego

  • Katten Muchin Rosenman LLP
  • -
  • Argentina, USA
  • -
  • March 4 2011

An instrumentality of the Republic of Argentina could not be deemed the government's alter ego based on its role in implementing Argentina's energy policies and thus was not liable for the country's bond debts

$185 million award confirmed for losses caused by Argentina’s emergency laws enacted in response to 2002 economic crisis

  • Jorden Burt LLP
  • -
  • Argentina, USA
  • -
  • February 9 2011

On June 24, 2010, we reported on a dispute between BG Group, a British company that invested in Argentinean gas distribution, and Argentina over losses incurred by BG Group after Argentina enacted emergency laws in response to an economic crisis in 2002

Second Circuit upholds 101 annual interest rate on Argentine bonds

  • Schulte Roth & Zabel LLP
  • -
  • Argentina, USA
  • -
  • September 30 2010

On September 23, 2010, the U.S. Court of Appeals for the Second Circuit upheld an annual interest rate of 101 (based on an interest rate formula) owed on Argentine government bonds

Investors in Argentine bonds entitled to millions in additional interest

  • Katten Muchin Rosenman LLP
  • -
  • Argentina, USA
  • -
  • July 8 2011

The New York Court of Appeals held that, under the terms of bond documents requiring biannual interest payments "until the principalis paid," Argentina was contractually obligated to make biannual interest payments to bondholders even after the bonds' scheduled maturity date in 2005 and after certain bondholders accelerated the maturity date following Argentina's default in 2001

U.S. court has jurisdiction over Argentinian employees’ claims against Mercedes-Benz Argentina

  • Proskauer Rose LLP
  • -
  • Argentina, USA
  • -
  • July 13 2011

In this case, 22 Argentinian residents (including a Chilean national) sued DaimlerChrysler Aktiengesellschaft (“DCAG”) in federal court in California, alleging that one of DCAG’s subsidiaries, Mercedes-Benz Argentina (“MBA”), collaborated with state security forces to kidnap, detain, torture and kill plaintiffs and their relatives during Argentina’s “Dirty War” in the 1970s

Argentina's sovereign defaults

  • Winston & Strawn LLP
  • -
  • Argentina, USA
  • -
  • July 25 2011

On July 20th, the Second Circuit addressed yet another aspect of Argentina's sovereign defaults

Argentina and the Vulture Funds no hiding place?

  • Edwards Wildman Palmer LLP
  • -
  • Argentina, United Kingdom, USA
  • -
  • July 12 2011

The Supreme Court of the United Kingdom has recently decided that a New York judgment against the Republic of Argentina in respect of outstanding sovereign bonds can be enforced against the debtor's assets located within England and Wales

Argentina must treat bondholders equally

  • Winston & Strawn LLP
  • -
  • Argentina, USA
  • -
  • October 29 2012

On October 26th, the Second Circuit affirmed the district court's injunction of the Republic of Argentina