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What is NML Capital vs. Argentina Order Summary about?

This order finds that the Republic of Argentina has repeatedly violated its contractual obligations to rank its payment obligations to NML Capital equally with other creditors. It grants equitable relief to NML Capital to remedy this violation. Specifically, the order requires Argentina to make ratable payments to NML Capital any time it makes payments on other bonds. It also binds third parties involved in Argentina

Author

Adriana Sarraméa

Language

EN