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The Blog of International Judicial Assistance
By Ted Folkman of Rubin and Rudman LLP

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Second Circuit Grants Argentina a Stay

Yesterday the Second Circuit granted Argentina’s motion for an emergency stay of Judge Griesa’s injunction. I suspect the court was concerned with the representations Argentina and others had made about the consequences of the injunction for the US payment system, for New York as a financial center, and for the sovereign debt market.

Ted Folkman

One response to “Second Circuit Grants Argentina a Stay”

  1. Case of the Day: NML Capital v. Argentina | Letters Blogatory

    […] Argentina, which had appealed again, sought an emergency stay from the Second Circuit. The court granted its motion. The Second Circuit did, however, order Argentina to put its offer to its creditors in […]

    Reply

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