Republic of Argentina v. NML Capital, Ltd.

In the case of Republic of Argentina v. NML Capital, Ltd., the U.S. Supreme Court dealt with a dispute over Argentina's failure to pay debt to bondholders after its 2001 financial crisis. NML Capital, a hedge fund, sought to enforce a court ruling that required Argentina to pay its debts. The Supreme Court ruled that Argentina could not avoid paying by claiming it had already settled with other bondholders. This decision emphasized the legal rights of creditors and the enforceability of court judgments, impacting how countries handle sovereign debt and negotiations with investors.