December 29, 2012

Argentina asks NY appeals court to block payouts for debt holdouts

Argentina is urging a US appeals court to reverse an order requiring the country to pay $1.33 billion to creditors who did not participate in its two debt restructurings, a legal case that could have huge ramifications for global debt markets.

Lawyers for Argentina's government said in court papers filed late on Friday that a trial judge was "wrong to ignore the chorus of voices" who opposed his November order on payments to so-called "holdout" creditors. Read more.

Buenos Aires Herald

No comments:

Post a Comment