March 28, 2017
Thursday, March 6, 2014

Gov't praises US support in vulture funds litigation

The facade of the Casa Rosada presidential palace in Buenos Aires City.
The facade of the Casa Rosada presidential palace in Buenos Aires City.

Cabinet Chief Jorge Capitanich has praised Washington’s support to Argentina in its long-standing dispute with the so called vulture funds, suing the South American country over its defaulted bonds more than a decade ago.

“The United States have backed Argentina’s position before the Supreme Court of Justice of that country, (a position) based on an agreed restructuring as a way to resolve the debt problems with vulture funds,” the head of ministers told reporters covering his daily press conference at the government house this morning.

On Wednesday, the Barack Obama administration filed an "Amicus Curiae" measure before the US Supreme Court, supporting the position of the Argentine government in a litigation against bondholders who refused to take part in two debt restructurings from the country's 2002 default.

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Tags:  Jorge Capitanich  cabinet chief  US  vulture funds  bondholders  Supreme Court  

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