Legal Opinion
NML Capital v. Republic of Argentina
New York Court of Appeals
Decided June 30, 2011PublishedCited by 84 opinions
1Opinion of the Court
OPINION OF THE COURT
Graffeo, J.
In this case the United States Court of Appeals for the Second Circuit has certified questions that require us to interpret the terms of bonds issued by the nation of Argentina. We are asked to determine whether Argentina’s obligation to make biannual interest-only payments to bondholders continued after maturity or acceleration of the indebtedness and, if so, whether the bondholders were entitled to CPLR 5001 prejudgment interest on payments that were not made as a consequence of the nation’s default.
In 1998, Argentina issued a series of floating rate accrual…
2Cases cited19 opinions
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- Reiss v. Financial Performance Corp.New York Court of Appeals · 2001
- Love v. State of New YorkNew York Court of Appeals · 1991
- O'Brien v. . YoungNew York Court of Appeals · 1884
- Spodek v. Park Property Development AssociatesNew York Court of Appeals · 2001
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3Cited by84 opinions
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- U.S. Bank Trust National Ass'n v. AMR Corp.Court of Appeals for the Second Circuit · 2013
- Delaware Trust Co. v. Energy Future Intermediate Holding Co. (In Re Energy Future Holdings Corp.)Court of Appeals for the Third Circuit · 2016
- Olin Corp. v. OneBeacon America Insurance Co.Court of Appeals for the Second Circuit · 2017
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