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lunes, 26 de agosto de 2013

Argentina’s officials have publicly and repeatedly announced their intention to defy any rulings of this Court and the district court with which they disagree...

Argentina Just Lost Huge To A Bunch Of Hedge Fund Creditors, And The Judge Was Brutal About It




Argentina just lost its appeal to continue refusing to pay a group of hedge fund managers, led by Paul Singer, $1.6 billion worth of sovereign debt dating back to its $95 billion default in 2001. You can read the full decision here (via Credit Slips).

For years the country has been trying to avoid paying a bunch of "vulture" hedge fund managers that refused to take a 70% haircut on Argentine bonds like every other investor.
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Read more here: www.businessinsider.com

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