The stage is now set for a three-way showdown in the Argentine bondholder litigation as the U.S. Court of Appeals for the Second Circuit decides whether to intervene ahead of Argentina’s looming deadline to pay its creditors.
About the cast: Argentina, represented by Jonathan Blackman and Carmine Boccuzzi Jr. of Cleary Gottlieb Steen & Hamilton, is frantically trying to undo or at least delay a U.S. district judge’s order that it must shell out $1.3 billion by Dec. 15 to repay a group of holdout investment funds that refused to restructure their slice of Argentina’s $80 billion in defaulted sovereign debt.
