How do Lego Lawyers take notes without thumbs?
December 2, 2012 11:00 AM Subscribe
New Case Law
posted by JPD (22 comments total)
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in Sovereign Debt Restructuring...in Lego Form
Called the "Trial of the Century
" in Sovereign Debt restructuring, it pits Elliott Partners
and their CEO Paul Singer
versus the Republic of Argentina as well as other Sovereign Debt investors who accepted the terms of the earlier debt restructurings. If the judges current decision withstands appeal it will dramatically change
the mechanisms used to forcibly cram down owners of distressed sovereign debt.
NB: As part of the case Elliott seized
a tall ship owned by the Argentine Navy.