NML Capital v. Republic of Argentina

NML Capital v. Republic of Argentina was a legal case where NML Capital, a hedge fund, sued Argentina for unpaid debts from bonds it had purchased. When Argentina defaulted on these bonds, NML sought to enforce its rights internationally. The case led to Argentina facing asset seizures and restrictions on payments, aiming to pressure the country to honor its obligations. The case highlighted the complexities of sovereign debt and how creditors can pursue repayment across borders when governments default, emphasizing the importance of legal mechanisms in resolving international financial disputes.