Who wouldn’t criss-cross the globe to enforce a $17.5 billion (€15.07 billion) judgment, handed down by a New York court against the state of Argentina? Order in hand and with the clock ticking on an appeal, they landed in the courts of England and Wales, France, Luxembourg, Australia, Canada, Cyprus, and Ireland, looking to realise their win. It is the largest debt claim to come before the Commercial Court in this jurisdiction and the largest claim of its type against a sovereign state. (Interest on the judgment sum is said to be accruing at the approximate rate of $2.3 million…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Unlock this article – and everything else on The Currency – with an annual membership and receive a free TUMI Alpha Bravo backpack delivered to your door.