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Banking: Last stand at the OK Corral?
Mary Gibbons examines troubled times for Argentina and bond holders ‘In the longer term, the jurisdictional decision in Abaclat may prompt other holders of defaulted sovereign debt and their legal advisors to consider investment treaty arbitration as a means of recourse against issuers of international debt.’ The last stand at the OK Corral, which took …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Abaclat & ors (formerly known as Giovanna a Beccara & ors) v the Argentine Republic [2014] ICSID Case No ARB/07/5
- NML Capital Ltd & ors v the Republic of Argentina [2014] No 08 Civ 6978 (TPG)