Weltover, Inc. Springdale Enterprises, Inc. Bank Cantrade, A.G. v. Republic of Argentina Banco Central De La Argentina

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “Payment was to be made on either the New York, London, Frankfurt, or Zurich markets, at the election of the creditor.” (emphasis added)
• “[O]nce a sovereign enters the marketplace as a commercial actor, it should be subject to all the rules of the marketplace.”
• “a foreign sovereign’s improper commercial acts cause an effect to the foreign corporate plaintiff in that plaintiffs place of incorporation or principal place of business”
• “Because defendants’ breach of the [bond] agreement deprived plaintiffs of their contractual rights to receive payment, defendants’ acts caused a direct effect to plaintiffs.”
• “the issuance of debt instruments ... is clearly commercial”

Source: CourtListener parenthetical corpus (CC0).