December 13, 2013
Central Bank appeals Judge Griesa decision to freeze reserves
The Central Bank has appealed Judge Thomas Griesa ruling on the Vulture funds case where he established an order to freeze its assets, after considering the entity an ‘Alter Ego’ of the Argentine state.
The demand was filed by the NML Capital and Elliott Management group, requesting that the New York Appeals Court declare the Argentine Central Bank as responsible for the payment of the debt and to place an embargo on the country’s overseas assets.
However, Argentina's stance is that the monetary authority enjoys immunity and that its reserves are unsiezable.
“We stated before that we were going to appeal. The presentation was filed almost seven days after knowing Griesa’s resolution”, confirmed a Bank source.