Can a U.S. Judge Hold the Government of Argentina in “Contempt”?
In the latest round in the never-ending battle between Argentina and its holdout bondholders, a U.S. court has found Argentina to be in "contempt" for trying to circumvent that US court's orders. Argentina has been outraged by such an order, arguing that a state cannot be held in "contempt" because it is an affront to its sovereign dignity (with Argentina's...