Friedman Kaplan Honored by American Lawyer for Argentine Bonds Litigation
On September 26th, The American Lawyer honored Friedman Kaplan at its 4th Annual Global Legal Awards Presentation. The firm was recognized for its work in the Argentine Bonds Litigation, which The American Lawyer designated as the Global Dispute of the Year for U.S. Litigation (Finance) and the Global Dispute of the Year Grand Prize 2016.
Over the course of nearly a decade, Friedman Kaplan represented two hedge funds pursuing claims against the Republic of Argentina to recover on defaulted bonds. The representation involved novel debtor-creditor legal issues arising out of Argentina’s 2001 default on over $80 billion of debt, the largest sovereign default on record at that time. The issues litigated included several matters of first impression, involving the scope of asset discovery available against a foreign sovereign and a sovereign’s obligation to honor its contractual obligations to treat creditors pari passu.