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July 25, 2014
Thursday, July 10, 2014

Senate passes C. Bank funds immunity bill

Except for Radical Party''s Artaza, all senators supported the government-fueled immunity bill.

In an almost unanimous voting and amid a fierce legal battle betweem Argentina and vulture funds suing the country over its defaulted bonds, the Senate passed a bill seeking to provide legal immunity for assets held by foreign central banks in the South American nation.

The project was approved by 55 votes. Radical Party MP Eugenio “Nito” Artaza reportedly was the only one to leave the house to avoid voting.

The Kirchnerism-sponsored bill established that “foreign Central Banks or other foreign monetary authorities are immune to the jurisdiction of Argentine tribunals.”

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Tags:  Senate  immunity  Central Bank  vulture funds  





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