Billionaire Paul Singer has denied he owns credit-default swaps that would allow him to profit if Argentina shirks a court order requiring it pay him in full and halts payments. That hasn’t stopped Argentina from repeating the claim as its bond risk soars to the highest in the world.
The U.S. Supreme Court raised the prospect that it will decline to say whether the Constitution gives gays the right to marry, in an argument that revealed a chasm among the justices on one of the country’s most divisive issues.
White & Case LLP opened an office in Madrid with the addition of partner Juan Manuel De Remedios, the former chairman of Latham & Watkins LLP’s corporate department in Spain. De Remedios, who will be joined by a local partner and a team of associates, will be the Madrid office executive partner.
Argentina’s claim that a U.S. court can’t tie its obligation to make defaulted bondholders whole to payments on restructured debt faced skepticism from judges as a lawyer for the country said it won’t obey orders to pay as much as $1.3 billion of defaulted sovereign debt.
Clifford Chance LLP advised Royal Dutch Shell Plc, the world’s largest supplier of liquefied natural gas, on its agreement to buy LNG assets from Repsol SA for $4.4 billion in cash to expand in Latin America and Spain. Linklaters LLP, with a team led by Madrid corporate partners Alejandro Ortiz and Lara Hemzaoui and London projects partner Matthew Hagopian, advised energy company Repsol.
President Barack Obama’s inaugural address has raised hopes among civil rights advocates that his administration will urge the U.S. Supreme Court to allow gay marriage, at least in California and perhaps nationwide.
Gay-marriage advocates, aiming to show broad support as the U.S. Supreme Court takes up the issue for the first time, have enlisted Apple Inc., Morgan Stanley and dozens of Republicans who once held top government positions.
President Barack Obama may be poised to show new support for gay marriage as a deadline approaches for his administration to take a stand in the U.S. Supreme Court on a California ban on same-sex nuptials.