Court of Appeal rules on construction of securities linked to Argentina’s gross domestic product – 39 Essex Chambers
‘On 12 June 2024, the Court of Appeal gave judgment in Palladian Partners LP v The Republic of Argentina [2024] EWCA Civ 641, dismissing Argentina’s appeal against a judgment of Picken J ([2023] EWHC 711 (Comm)) which awarded €1.33bn to institutional and corporate holders of certain Euro-denominated debt securities linked to Argentina’s GDP (“the Securities”) under which Argentina had failed to make payment.’
39 Essex Chambers, 14th June 2024
Source: www.39essex.com