Abstract
This Article will examine the impact of international vulture investors, also referred to as "holdout" investors in certain contexts, on the restructuring of Argentinian sovereign debt in the wake of the countries 2001 default. With the gift of hindsight, this Article will discuss if measures could have been taken at the time of debt issuance in order to better cope with vulture investors should a default situation occur. This Article will then analyze the restructuring approach taken by Argentina, focusing on the failure of the Argentinian government to follow established best practices for a default situation. Finally, this Article will evaluate the ability of private investors to bring legal action against a sovereign, highlighting two cases brought by vulture investor NML against Argentina and the effectiveness of those suits in light of NML's end goal.
Recommended Citation
Andrew Kelly,
Flight of the Condors: The Impact of Vulture Investors on Argentina's Sovereign Debt Default,
30 Fla. J. Int'l L.
(2018).
Available at: https://scholarship.law.ufl.edu/fjil/vol30/iss1/2