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EM LTD. v. THE REPUBLIC OF ARGENTINA

Nos. 03 Civ. 2507(TPG), 03 Civ. 8845(TPG), 05 Civ. 2434(TPG), 06 Civ. 6646(TPG), 06 Civ. 7792(TPG).

720 F.Supp.2d 273 (2010)

EM LTD., Plaintiff, v. THE REPUBLIC OF ARGENTINA, Defendant. NML Capital, Ltd., Plaintiff, v. The Republic of Argentina, Defendant. NML Capital, Ltd., Plaintiff, v. The Republic of Argentina, Defendant. NML Capital, Ltd., Plaintiff, v. The Republic of Argentina, Defendant. EM Ltd. and NML Capital, Ltd., Plaintiffs, v. Banco Central De La Republica Argentina and The Republic of Argentina, Defendants. Banco Central De La Republica Argentina, Interested Party.

United States District Court, S.D. New York.

April 7, 2010.

Attorney(s) appearing for the Case

David W. Rivkin , Suzanne Michelle Grosso , Debevoise & Plimpton, LLP, Charles Platto , Law Office of Charles Platto, Charles I. Poret , Robert A. Cohen , Dechert, LLP, Gregory P. Joseph , Peter R. Jerdee , Gregory P. Joseph Law Office LLC, New York, NY, for Plaintiff.

Jonathan I. Blackman , Cleary Gottlieb Steen & Hamilton, LLP, Mark Stephen Sullivan , Dorsey & Whitney LLP, New York, NY, for Defendant.

Joseph Emanuel Neuhaus , Sullivan and Cromwell, LLP, New York, NY, for Interested Party.

OPINION

THOMAS P. GRIESA, District Judge.

In September 2006 the two plaintiffs in the above cases moved for provisional relief with respect to approximately $100 million deposited by the Central Bank of Argentina ("BCRA") in the Federal Reserve Bank of New York ("FRBNY"). The purpose was to secure expected judgments, and to secure a judgment actually entered, against the Republic of Argentina in cases based on the Republic's default on its bond indebtedness...

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