die Formulierung der pari passu clause im FAA von 1994 asl Grundlage für Griesas neusten Urteilen

Agreement (.“FAA.”).

2. Paragraph 1(c) of the FAA provides, among other things, that:

The Securities [i.e., the bonds] will constitute . . . direct,

unconditional, unsecured and unsubordinated obligations of the

Republic and shall at all times rank pari passu and without any

preference among themselves. The payment obligations of the

Republic under the Securities shall at all times rank at least

equally with all its other present and future unsecured and

- 2 -

unsubordinated External Indebtedness (as defined in this

Agreement).

3. The bonds issued pursuant to the FAA contain the following

clause, as quoted in EM Ltd. v. The Republic of Argentina, 720 F.Supp.2d 273,

zitiert aus

Case 1:08-cv-06978-TPG Document 353 Filed 12/07/11 Page 1 of 5