ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Cry for Me Argentina

After a district court in New York interpreted "pari passu" in a debt restructuring contract to mean all those who own Argentine defaulted debt, irrespective of whether they were the original creditors or vulture capital firms, the rules of the sovereign debt market have been substantially altered. A host of issues about jurisdiction of courts in international disputes has also cropped up in the ongoing saga of Argentine debt restructuring.



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