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Schellenberg Wittmer negotiates settlement with Republic of Argentina on behalf of holdout creditor

15 December 2017

Schellenberg Wittmer successfully negotiated a settlement with the Republic of Argentina on behalf of a holdout creditor of a defaulted Swiss law governed bond.
 
The Republic of Argentina initially asserted that claims arising from the bond were time-barred. However the Ministry of Finance and Public Credit ultimately acceded to the request to make the relevant creditor's claim subject to an agreement based on the terms of the general settlement proposal announced by the Republic of Argentina on 5 February 2016.
 
The team at Schellenberg Wittmer was led by Dispute Resolution Partner Urs Hoffmann-Nowotny.

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