'The case sent a shiver of fear through the sovereign debt world, given how it could potentially wreck any country’s attempts to extricate itself from a debt crisis. If a creditor could refuse a restructuring offer and hold it hostage until it was repaid in full, why would anyone ever agree to one?'

https://www.ft.com/content/b9a5f679-3f6d-4867-9517-e8437492ec19