The US Second Circuit Court of Appeals ruled that Argentina was bound to honor its obligations to the holdout bondholders in the same proportion (namely 100%) as the holders of the exchange bonds. It was that ruling that the Supreme Court recently upheld.
美国第二巡回上诉法院判决阿根廷必须以与同意置换者同样的比例（也就是100%全额）承担对反对者的偿还责任。美国最高法院最近也维持这一判决。