Cleary Gottlieb Providing Argentina Options, Default Is One

The confidential memo between New York lawyers Cleary Gottlieb and the Government of Argentina, reported yesterday in ValueWalk, did not specifically advise Argentina to disrespect any court ruling but rather just did what all good lawyers do: lay out a path of potential possibilities, according to a legal source close to the trial.

As we reported yesterday in ValueWalk, a memo from the New York office of he New York office of Cleary Gottlieb Steen and Hamilton LLP to the government of Argentina, marked PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION, says the “best option for the Republic”...