This paper discusses the default of the Republic of Argentina that took place in 2001, but with a view of the current and significant judicial events that are taking place as a consequence of such default. In particular, this paper analyzes and discusses the judicial cases brought by several investors against the Republic of Argentina before the New York federal courts based by the default of Argentina on its bonds as immediately after the default some bondholders of Argentine debt filed lawsuits in the New York courts, as it was the jurisdiction agreed in the terms and conditions of the bonds. However, during more than ten years the plaintiffs under the different lawsuits filed against Argentina have obtained favourable judgments but have been unable to collect upon their judgments. Plaintiffs have tried various judicial strategies to collect on the judgments but due to the United States Foreign Immunities Sovereign Act, which protects assets owned by sovereigns, they have been unable to do so.