‘America’s legal war with Argentina has continued to rage ever since an American judge, Thomas Griesa, ordered Argentina to either pay all of its creditors from its 2001 financial collapse or pay none—regardless of the law governing its debt obligations.
In June, Argentina deposited $539 million with the Bank of New York Mellon (BNY Mellon) to pay interest on its several classes of bonds governed by both United States and Argentine law. These bonds were issued both in settlement for Argentina’s defaulted debt and as new debt since Argentina emerged from effective bankruptcy 13 years ago.’ Read more
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