The Second Circuit’s Recent Comity Decision in Gucci: Help for Non-Party Banks Caught in the Argentina Bond Dispute?
The Banking Law Journal
March 2015

Partner Sarah Reid co-authored The Banking Law Journal article “The Second Circuit’s Recent Comity Decision in Gucci: Help for Non-Party Banks Caught in the Argentina Bond Dispute?”. The article discusses the impact the U.S. Court of Appeals for the Second Circuit’s recent decision in Gucci America, Inc. v. Weixing Li, will have on the ongoing legal battle between the Republic of Argentina and its holdout bond holders. The Gucci decision sets forth the factors a court must apply when looking at a situation where a non-party is caught in the middle of a conflict between two countries’ legal systems.