Академический Документы
Профессиональный Документы
Культура Документы
WWW CLEARYGOTTLIEB
WASHINGTON, DC -PARIS
LAURLN AL-7
VL_ "R I
LWKC"
-- lUE N -RMAN
RO-T
L- 7 nRTORIELLQ
_
, E' _I"E"
JAM- M IRA-L
AIAN I RELLER
TI-MAIJ MILONE.y
I ELACKMAN
JONATHAN
L L"AN
......." CA",
R11.1111
YARCN
1 -1 N
R _A11 I I INCII
., _N
' _R",_
1-1
A 1111N(AN
S1 VEN M I-IrL
ITA
"A"
A-INC
I , -11
IR A~
NI I
IIIAL
AL-IN
-7ANG
SALLLALMIE
L_
j
AN
I I I L 11AIIIN
NF[1 Q -CINISKLY
N jU
"T
11
11 111N" "L
M"'IAIIDAVILI
-11-ANE
JFFFRIE1 A RI-ENIHAL
ETI AN A -INGS-1;
Al N 11AYAN
CARIAINI. R-CIIIII 1.
JL F -REY D KARPL
_
111LY
"I A-1LCL"RT I RAY__
LI-A "' ' IACORY
'ANR A L ...
LLANI -1
L
"""'' LlAM
: R'A'C'
ALLUAM
IAI-111
I A"'
. "_L,
MA-A R , '
I M -HIIF ITZI A
ILIANR
LA, -z
LIANF LA-1
IN
.1111111TILI K111
I III
IIIANTALI K11111111
A
CRLy
_ A.AN
% 'VIC
AIDA.I I I I
FALL
A 11"1 Al
"
MAT
-NNTHIEW
Al1A111
VICI-LI L."
Kl=,IIY 1ARK
L
, "A.".
IIIKE
L
A HARE
1 (1LAMFLA
L MARC-LIE
TI_
--1-11AN
F'ANLM
DNFR
ILN1L"I'l
B11- - -1-I- - RI'L
MARY
L AL111CK
IGIIN
NA_
- 1.1 ! L'R
IN', "IT,
11
. .CNIIII
I
M __
. .....
KATI-IN
JR
WAIL-E ,M--N
L_
'AML,
IVFIAM
I LRANIFL
ILAN
AN-1. VVIA11
I
111A K
'RANTM ENN'.
-IN V 1-1
1 CN
,-ALI 111 1 11A11AY
_T
___
-)11REFI
11-F
-IIIAPINII
R A
A
RMy
November 6, 2014
BY ECF
Honorable Thomas P. Griesa
United States District Court for
the Southern District of New York
500 Pearl Street
New York, New York 10007
Re: NML Capital, Ltd. v. Republic ofArgenlina, Nos. 08 Civ. 6978 (TPG),
09 Civ. 1707 (TPG) and 09 Civ. 1708 (TPG); and related eases
Dear Judge Griesa:
I write on behalf of the Republic of Argentina (the "Republic") in response to
Robert Cohen's letter, dated October 8, 2014, in which he states that, on top of the more than
$1.6 billion in claims already subject to paripassu injunctions, plaintiffs in 52 other pre- and
post-judgment actions will soon be seeking via two consolidated motions identical injunctions in
connection with additional claims that total over $4.4 billion dollars (an amended letter from Mr.
Cohen of the same date states that plaintiffs in another 50 actions similarly will be seeking pani
passu relief).
The practical impact of the existing paripassu injunctions has become clear since
they went into effect this past June. They did not "end" the litigation as plaintiffs had assured
the Court that they would when plaintiffs asked for this extraordinary relief. See Feb. 23, 2012
Hr'g Tr. at 3:6, 46:23 (counsel for NML stating that the Republic "has the resources" and would
thus "pay the NML bondholders" in full).'1 Nor have they otherwise furthered a resolution of
these disputes, given the legal and other financial constraints faced by the Republic and the
ISince June 16, 2014, 25 new suits have been filed in connection with claims for approximately $1.8 billion in
principal and judgments totalling approximately $4.7 billion.
CLEARY GOTTLIEB STEEN & HAMILTON LLP OR AN AFFILIATED ENTITY HAS AN OFFICE IN EACH OF THE CITIES LISTED ABOVE
I PARFINT