The fallout from the Panama Papers case continues and it has taken a new direction, which might prove to be an interesting front for other areas, such as enforcement of the FCPA. The Wall Street Journal reported that the “NML Capital Ltd., [NML] a unit of hedge-fund giant Elliott Management Corp. … is suing the Panamanian law firm Mossack Fonseca for obstruction of justice.” This claim of obstruction of justice relates to litigation that Elliott Management Corp. and others engaged in with the country of Argentina over default on its bond payments.
