In July 2014, Argentina defaulted on a $539m interest payment on its sovereign debt in the latest round of its ongoing legal dispute with bondholders.

By any usual standards, the dealings between Argentina and a minority of its bondholders ought to have been a low-key last act to the drama of the country’s 2001 default. Instead, it is turning into a morality play in which both sides claim the high ground and questions of national sovereignty and security of contract clash noisily in what is becoming an increasingly acrimonious dispute.

Andrew Wilkinson explains in an article first published in October 2014 in The Treasurer, the official magazine of the Association of Corporate Treasurers.

Courtroom Drama – Argentinian Sovereign Debt

UK High Court approval of client money resolution agreement

July 4, 2014

In the latest landmark achievement in the MF Global UK Limited (in special administration) (MFG UK) case, the High Court has approved a ground-breaking settlement agreement which will help facilitate the final distribution and closure of the approximately $1 billion client money pool held by MFG UK. Prior to its entry into administration, MFG UK […]

Read the full article →

Weil’s London Restructuring team wins “Restructuring Team of the Year” at the 2014 Lawyer Awards

June 26, 2014

Weil’s London Restructuring team has been named “Restructuring Team of the Year” for its lead role instructing KPMG as Special Administrators in the ground-breaking and “historic” case of MF Global (MFG) UK’s special administration, at The 2014 Lawyer Awards ceremony held last night at London’s Grosvenor House Hotel. The award follows a hugely successful six […]

Read the full article →

Weil’s Adam Plainer appointed to the UK board of the Turnaround Management Association

May 23, 2014

Weil’s Head of London Restructuring group, Adam Plainer has been appointed to the board of the prestigious Turnaround Management Association (TMA) UK. He will be taking on the role of President Elect alongside current President Christopher Hart of Lloyds Banking Group, and will assume the role of President at the end of the year. Headquartered […]

Read the full article →

Weil expands market-leading European Restructuring practice with hire of Andrew Wilkinson

April 7, 2014

International law firm, Weil, Gotshal & Manges, today announced that Andrew Wilkinson will join its London office as a partner to play a senior role in leading the next stage of growth for the European Restructuring practice. Andrew joins from Goldman Sachs where he has spent seven years, more recently as European Head and co-Head […]

Read the full article →