Facts of the case
From 1991 through 2001, Argentina issued 179 bonds in the international capital markets, 173 bonds were denominated in foreign currencies. Claimants allegedly purchased 83 of the 173 foreign currency bonds. The 83 bonds allegedly purchased by Claimants are governed by the laws of different jurisdictions, were issued in different currencies and listed on various international exchanges, such as Buenos Aires, Frankfurt, Hong Kong, Luxemburg, Milan, Munich, and Vienna. The maturity varies from 3 to 5 years.