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December 21, 2022

In both Weltover and Allied Bank, the fact that payments were to be made in New York proved significant in overcoming the debtors’ defenses.

In both Weltover and Allied Bank, the fact that payments were to be made in New York proved significant in overcoming the debtors’ defenses. Should an investor be reluctant to purchase bonds that provide for payment only in the issuer’s country? How about in a third country but not in the United States?

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