Kramer Levin Naftalis & Frankel LLP (JD Supra Ecuador)
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Debt Dialogue: May 2017 - Follow-up: Second Circuit Affirms Dismissal of Action on Ecuador Debt Based on Expansive No-Action Clause
The January 2017 issue of Debt Dialogue reported on a decision rendered in federal court for the Southern District of New York, Penades v. The Republic of Ecuador (SDNY Sept. 30, 2016), on the application of a no-action clause found in an indenture governing sovereign debt of Ecuador.
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