There is nothing odd about it. Argentina agreed to a debt contract without a collective action clause so that they could sell bonds at a higher premium. When th

There is nothing odd about it. Argentina agreed to a debt contract without a collective action clause so that they could sell bonds at a higher premium. When they later needed a collective action clause to enforce the majority will on the minority, they complained that the agreement was unfair. But it was an agreement the country's leadership agreed to; the law in this case is fairly straightforward.