The article discusses two legal disputes involving American entities against foreign governments, highlighting the Berizzi Brothers in 1919, who lost a case of silk during transit, and the recent case of US-based vulture funds against Argentina following its 2001 sovereign debt crisis. Both cases share the commonality of American firms seeking justice in American courts, showcasing the influence of US law in international disputes. While the Berizzi Brothers sought $250 in damages, the vulture funds pursued full face value of their investments during Argentina's unprecedented debt default.
The Berizzi Brothers sought $250 in damages when one case of artificial silk was lost in transit, echoing a century later as vulture funds pursued full repayment on sovereign debt.
Eighty-two years after the Berizzi Brothers' case, Wall Street vulture funds contested Argentina's $93 billion debt default in US courts, emphasizing American legal influence.
Collection
[
|
...
]