Argentina vs Holdouts. The Complete Saga (2005-2016)
This paper provides a deep analysis into the legal dispute between Argentina and the holdouts as a consequence of the 2001 sovereign default. This paper highlights how the legal conict helped uncover fundamental issues in the sovereign debt restructuring mechanism (SDRM). Questions re- garding overarching injunctions, ambiguous interpretation of boilerplate clauses and the arguable judicial overreach of foreign court lead to necessary changes on standard clauses in sovereign debt contracts.