As reported a few days ago on Cartas Blogatorias (and elsewhere, of course), Judge Griesa has held Argentina in contempt of court for attempting to make payments to its bondholders in defiance of his prior orders. This raises interesting questions of US law and of public international law.

The public international law question is one I hesitate to comment on. Readers might be interested in Argentina’s letter to Secretary Kerry and in Julian Ku’s two posts on the question.

On the US law question, the answer seems somewhat clearer. Here is Ku on this question:
