A secret memo between the government of Argentina and their US based attorneys may be advising Argentina to disobey a US Supreme Court ruling, according to documents recently unearthed. On May 8, shortly after the memo in question was written, ValueWalk reported that Argentina might ignore US court rulings. Today’s memo appears to confirm that reporting. Argentina’s “best option” is to default, restructure outside US legal jurisdiction The May 2, 2014 memo from the New York office of Cleary Gottlieb Steen and Hamilton LLP to the government of Argentina, marked PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION, says the “best option…
Legal Advice to Argentina Says Ignore US Supreme Court, Default
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.