State immunity — Jurisdictional immunity — Commercial transactions — Enforcement of foreign judgments — Approach to immunity where attempt made to enforce foreign judgment against foreign State — Judgment in United States District Court relating to a commercial transaction entered into by Argentina — Proceedings to enforce judgment in England — Whether English proceedings relating to commercial transaction — State Immunity Act 1978, Section 3(1)(a) — Civil Jurisdiction and Judgments Act 1982, Section 31 — Waiver — Provisions in contract

Economics, trade and finance — Sovereign debt — Bonds — Moratorium on sovereign debt declared by Argentina — Proceedings brought by bondholders — The law of the United Kingdom