U.S. Supreme Court Denies Certiorari and Affirms Discovery in Bondholder Litigation against Argentina
On June 16, 2014, the U.S. Supreme Court issued several decisions that will significantly change the landscape for enforcement of foreign sovereign debt obligations in U.S. courts. In Republic of Argentina v. NML Capital, Ltd. (NML Capital),[1] the Court held that the U.S. Foreign Sovereign Immunities Act (FSIA) does not limit a court’s power to order post-judgment, worldwide discovery.