Tim Samples, a professor of legal studies at the Terry College of Business, was quoted in two recent articles covering Argentina's potential sovereign debt default on Wednesday.
Speaking to Bloomberg News, Samples explained that Argentina's decision to default may come as a consequence of officials overestimating the cost of violating the RUFO (Rights Upon Future Offers) clause as a negotiating tactic.
“It seems exaggerated that a default is a better scenario than dealing with RUFO liabilities,” he said.
Samples also spoke to London's Financial Times, saying that the default could trigger an avalanche of lawsuits.
“The lawsuits are really going to start flying. Legally it could get very ugly. There are so many potential avenues for liability.”
The Bloomberg article is available free online. The Financial Times article is available to subscribers.