Wednesday
December 13, 2017
Wednesday, October 22, 2014

US court denies Argentina appeal over bond payment to BONY

This file picture shows the New York court of Appeals.
This file picture shows the New York court of Appeals.
This file picture shows the New York court of Appeals.

A US appeals court has dismissed an appeal by Argentina of an order directing Bank of New York Mellon Corp to hold onto $539 million the country deposited for its restructured bondholders.

The 2nd US Circuit Court of Appeals in New York in a brief order said it lacked jurisdiction over the appeal as the August ruling by US District Judge Thomas Griesa was a clarification rather than modification of his earlier rulings on the matter.

Griesa had ruled that the $539 million that Argentina deposited in June with BNY Mellon for bondholders who participated in two sovereign debt restructurings was "illegal," and in an August order, directed the bank to retain the funds.

The judge, in his August ruling, also said BNY Mellon's retention of the funds would not violate his prior orders or subject it to liability.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  US  court  Bank of New York Mellon  Argentina  appeal  Griesa  





  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




    ámbito financiero    ambito.com    Docsalud    AlRugby.com    

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