Argentina Debt -- The Settlement Clause

Abstract

This is a paper on the Settlement Clause of the Argentine Bonds that apply to the renegotiation of the Argentina debt in default and particularly about its effects on the debt that was subject to the exchanges carried on in 2005 and 2010. This paper argues that under the Best Creditor clause Argentina would have the possibility of reaching out a settlement with the "holdout" creditors without affecting the rights of the so called exchange bondholders.