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BANKING: Last stand at the OK Corral?

08 August 2014  

Mary Gibbons examines troubled times for Argentina and bond holders

The last stand at the OK Corral, which took place in 1881 in Tombstone, Arizona, is probably the most famous gunfight that occurred in the American Old West. It involved some very famous outlaws and equally famous lawmakers. It is said to have lasted only 30 seconds. The lawmakers won, albeit with a few wounds. Over the course of time the fight has come to symbolise the end of an era in the western territory of the United States, a time when obeying the law took second place to other interests.

Additional Info

  • Case(s) Referenced:

    Abaclat & ors (formerly known as Giovanna a Beccara & ors) v the Argentine Republic [2014] ICSID Case No ARB/07/5

    NML Capital, Ltd and ors v the Republic of Argentina [2014] No 08 Civ 6978 (TPG)