The US Second Circuit shields sovereign immunity in favour of Argentina’s Central Bank

On August 31, 2015, the U.S. Court of Appeals for the Second Circuit ruled in favour of Argentina’s Central Bank in one of the many proceedings initiated by Argentina’s unpaid bondholders.[1] The decision in EM Ltd. and NML Capital Ltd v.

Filed under:
Argentina, USA, Insolvency & Restructuring, Litigation, Public, Herbert Smith Freehills LLP, Sovereign immunity, Central bank, Second Circuit
Authors:
Laurence Shore , Daniela Paez
Location:
Argentina, USA
Firm:
Herbert Smith Freehills LLP