February 22, 2016

Argentina moves to drop US appeal over local bond payments

The national government on Monday moved to drop its appeal of a US judge's ruling that blocked Citigroup Inc last year from processing interest payments to holders of $2.3 billion in bonds issued under the country's local laws.

A federal appeals court in New York had been set to hear the case on Wednesday. Read more.

Buenos Aires Herald

Related,
Griesa Informed he is Willing to Lift Restrictions on Argentina, Provided Legal Obstacles for Paying to Holdouts are Cancelled in Buenos Aires - Télam
Peña Said Griesa’s Resolution “is a Good Step” but also Recommended “Caution” - Télam

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