Sovereign Debt: Litigation and Negotiations Continue
The 30-days grace period to make the payment under the Exchange Bonds issued in 2005 and 2010 lapsed without the parties in re: “NML Capital, Ltd. v. Republic of Argentina” reaching an agreement. Funds transferred by Argentina to make interest payments under the Discount Bonds governed by New York law remain frozen.
Sovereign debt: The Supreme Court of the United States denied the petition for a writ of certiorari filed by the Republic of Argentina
In re: “NML Capital, Ltd. v. Republic of Argentina”, the Supreme Court of the United States denied the petition for certiorari filed by Argentina to review the second ruling issued by the Court of Appeals for the Second Circuit (New York) on August 23, 2013. Additionally, in a related case among the same parties, the Supreme Court resolved that as part of the discovery process the plaintiffs have the right to request information from banks regarding the extraterritorial assets of Argentina.
Supreme Court Held Public Hearings in a Landmark Case about Liability of Online Intermediaries
In a case pending before the Supreme Court of Argentina the Court must decide which right should prevail: an individual’s rights to privacy and to control personal information or the public’s rights to freedom of information and to freedom of speech and expression.