“A fierce battle between the government of Argentina and investors led by a group of hedge funds has already led to the seizure of a naval ship and dragged in the United States Treasury. Now a federal appeals court is hearing the dispute, and how it rules could have a major impact on world debt markets. The investors — including the hedge fund tycoon Paul E. Singer — sued Argentina seeking payment for $1.3 billion relating to bonds that the country defaulted on in 2001. On Wednesday, the case comes before the United States Court of Appeals for the Second Circuit, which has already sided with the hedge funds on their main arguments.”
http://dealbook.nytimes.com/2013/02/25/banks-fear-court-ruling-in-argentina-bond-debt/?emc=eta1
Related posts:
Switzerland mirrors EU sanctions against Russia
World Jewish Congress: World Must Outlaw ‘Holocaust Denial’ And Ban Neo-Nazi Parties
Democratic anti-gun 'guide' urged using Trayvon Martin's death to hit NRA, guns
Amazon enters $600M deal to develop CIA cloud
US, S. Korea to stage massive air exercise in show of force against N. Korea
Prosecutors: 'Anarchist' group of U.S. soldiers aimed to overthrow government
Military ready to act over Syria says U.S. Defense Secretary Chuck Hagel
U.S. navigation moves in South China Sea will continue
Ridiculous licensing rules are holding back people who want to work
Brunei Darussalam looks to a new stock bourse to diversify economy
Romney rakes in $170 million for September; Obama $181 million
Feds planning massive Northern California immigration sweep
The Members Of Romney's Campaign Who Work For Fox
N.Y. Times scraps AIPAC from Syria story
Settlement after officer Tasers handcuffed suspect, threatens with AR-15