Argentina Debt: European Injunctions v New York Injunctions

The International Game of Injunctions

Lawyers for holders of Argentine bonds issued in Euros sent a letter to the NY Court of Appeals letting said court know that they had filed a petition before Belgian courts to ask for a "European injunction" against the possible "NY injunction" that may be issued by judge Thomas Griesa with respect to the flow of payments of those bonds. The purpose of the petition is to protect Bank of New York Brussels and Euroclear, from where the money goes through.

The Belgian court rejected such petition on the ground that said petition was "premature" as there is enough time, according to the court, to analyze the "merits" of the case.

A new hearing was scheduled for September, where the Belgian court will discuss the "merits" of the petition.

Eugenio A Bruno
Garrido Law Firm
eab@garridolawfirm.com

Quick comment - Court of Appeals of the Second Circuit of New York will all the information necessary to issue the ruling

Last-minute appeal to the U.S. Supreme Court - What´s next?

The Argentine government yesterday filed a cert petition against the ruling issued by the U.S. Court of Appeal dated October 26, 2012.

Issues:

1) Whether or not the U.S. Supreme Court will accept the certiorari petition.

2) When the decision will be taken.

3) Whether or not the U.S. Supreme Court will request a bond to accept the petition.

4) Whether or not the U.S. Supreme Court will order Argentina to comply with the eventual ruling from the Court of Appeals during the time it takes to decide the cert petition.

5) The final outcome if it accepts the cert petition.

If you need any advice or opinion about the above-mentioned points, please contact us:

Eugenio A Bruno
eab@garridolawfirm.com
00 54 11 4 850 4000

Argentina Debt and Sobereign Debt Litigation: The Next 15 Days

Argentina Debt: What will the U.S. Court of Appeals of New York resolve in 15 days, and what the government responses will be: Favorable/Negative - BNY Attachment Yes/No - Payment outside NY: Possible/Impossible - Re-reouting? - In contempt with the NY Justice? - Payment in Argentina?

http://papers.ssrn.com/sol3/results.cfm?RequestTimeout=50000000

Eugenio A Bruno
Garrido Law Firm

Upcoming NY Courts ruling on the Argentina Debt Legal Case - What to do if the decision is negative

 Upcoming NY Courts ruling on the Argentina Debt Legal Case - What to do, if something, if the decision is negative.
Eugenio A Bruno
Garrido Law Firm

Explanation in this recent paper (free and safe download from Social Sciences Network Services website): 
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2279461

The need to avoid a "Back to the Future"

Sovereign Debt Litigation: Revisiting the Preview of the upcoming Argentina Debt Ruling in NY

Reviewing the preview of the upcoming ruling from the N.Y. Court of Appeals

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2252210
Eugenio A Bruno
Garrido Law Firm

New Paper on Argentina Debt and Sovereign Debt Litigation

Sovereign Debt Restructuring: Covenant and Default Clauses in Sovereign and Corporate Bonds and How the Difference Among Them Impacts in the NMLCase Against the Republic of Argentina in New York

Just published in Social Science Research Network:

http://ssrn.com/abstract=2279461

 

Eugenio A Bruno

Garrido Law Firm