U.S. court signals narrow bondholders win in Argentina subpoena case

By Lawrence Hurley WASHINGTON (Reuters) – U.S. Supreme Court justices on Monday indicated that creditors should be able to seek limited information about Argentina’s non-U.S. assets in a case about bank subpoenas in decade-long litigation over Argentina’s obligations to bond investors. During a one-hour-long oral argument over hedge fund NML Capital Ltd’s efforts to seek payment of court judgments it says are worth around $1.7 billion, several justices suggested that military and diplomatic assets should be off-limits, which would narrow the scope of the ruling. Depending on how a ruling along those lines is written, it could make it harder for NML to enforce the court judgments it has won. Buenos Aires-based economist Guillermo Nielsen, Argentina’s finance secretary from 2002 to 2005, indicated that the government has few commercial assets around the world.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article