January 17, 2018
Thursday, March 6, 2014

US backs Argentina in US courts

The US government filed an amicus curiae or friend-of-the-court brief to support Argentina’s case at the US Supreme Court in the country’s legal battle against hedge funds, Télam state news agency reported yesterday. The US government reportedly said in its presentation that it has a “substantial interest in the correct interpretation and application” of the Sovereign Immunity Law and in how foreign governments are treated in US courts. Last month, the government filed a petition seeking the US Supreme Court review of a court order requiring it to pay US$1.33 billion to bondholders who refused to take part in two previous debt restructurings. The US government has previously filed amicus briefs in support of Argentina in lower courts. The IMF has also weighed in on the case, saying that the result would have major implications for how future sovereign debt is restructured.
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Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia