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Argentina to Judge Griesa: Drop Dead. Judge To Argentina: Pay Up—Now
A few weeks ago, I reviewed the Second Circuit’s decision affirming Judge Griesa’s injunction in the NML Capital case requiring Argentina to pay its original bondholders pari passu whenever it makes payments to holder of the reorganized debt Argentina persuaded many of its creditors to accept. The Second Circuit remanded for consideration of which third……
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Lago Agrio: Chevron Accuses DiNapoli
I am posting tomorrow’s post today, so there will be no post tomorrow, or on Friday. We’ll be back on Monday! I’m reporting on two developments in the Lago Agrio case today. First, according to La Nacion, Chevron is projecting that its subsidiaries in Argentina would have to cease operations by the end of the……
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Case of the Day: Brown v. True & Associates
The case of the day, Brown v. True & Associates, Ltd. (S.D. Ga. 2012), is an unfortunate decision. Sage Brown purchased an “executive chair” at a Sam’s Club store in Savannah, Georgia. The chair collapsed while he sat on it, causing personal injury. Brown sued True & Associates, allegedly the chair’s manufacturer. He was proceeding……
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Belfast Project: Moloney & McIntyre File Petition for Certiorari
On Friday Ed Moloney and Anthony McIntyre filed their petition for a writ of certiorari in the Belfast Project case. The filing of the petition extends Justice Breyer’s stay of the First Circuit’s mandate at least until the Supreme Court decides whether to grant the petition and hear the case on the merits. The petition……
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Argentina Takes the Liberdad Case to the ITLOS
As I briefly noted a few weeks ago, a Ghanaian court, on the motion of NML Capital, arrested an Argentine naval vessel, the ARA Liberdad, while it was in port. NML, of course, is one of Argentina’s creditors on its sovereign debt. A coup for NML and its lawyers, and highly embarrassing for Argentina. I……