NML v. Argentina - Final Proof of a Glaring Imperfection of International Capital Markets

Abstract

Copyright: © 2014 Raffer K. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Recently, injunctions by a Federal Judge in New York have rocked international capital markets for sovereign debts. Whatever the outcome, Griesa’s decisions are going to change sovereign lending practices.