Nation in Contempt of U.S. Court
On May 28th 2010, the United States Court of Appeals for the Second Circuit issued a summary order in Aurelius Capital Partners, LP et al., v. The Republic of Argentina, docket no. 09-2501-cv, which vacated an earlier order holding the Republic in civil contempt.
A previous order to provide discovery in regards to the location and movement of certain assets was unfulfilled due to the Republic of Argentina's alleged lack of control over the Administración Nacional de Seguridad Social who possessed this information. The district court then held the Republic in contempt.
However, since the underlying restraining order preventing the movements of assets had been vacated, the Court found, the validity of the contempt determination is now moot, id. at 4.
-- Stephanie Petrew, legal assistant, Berliner, Corcoran amp; Rowe, LLP, Washington, DC.
Tue, / Embassy Law Link