“A legal tug-of-war with a $20 billion US hedge fund plays out in a New York case that has sent nationalist sentiment soaring in Argentina and raised concerns about the impact on future efforts to help debt-ridden countries recover. NML Capital, part of American billionaire Paul Singer’s Elliott Management, is among a handful of creditors demanding full repayment of bonds that Argentina defaulted on in 2002. In recent months, the government’s inability to settle with a handful of holdouts led by NML has resulted in one of its Navy tall ships being impounded in Ghana and an expensive court case in New York.”
Related posts:
Privacy fears cause more to cover online tracks
New smartphone extension helps you find your lost cat or grandma
How your 401(k) could disinherit your kids
He Struck It Rich in Ecuador. Now He’s Looking for the Lost Cities of Gold
Grandmother sues city, police department over flash grenade incident
Bitcoins are a buy at $50, says equity fund VP
76% of Americans are living paycheck-to-paycheck
Meet the scientists affected by Trump’s immigration ban
Aussie, Kiwi And Loonie Under Commodity Currency Attack
Treasury chief Jacob Lew not worried about financial bubble
HSBC to spend $700m vetting clients
Second NM driver gets cavity searched after stop for failure to signal
Silicon Valley Start-Up Company Powers Homes With Sound Waves
Bloomberg: Bitcoin May Be the Global Economy's Last Safe Haven
Cleveland police chase ends with 13 officers firing 137 shots, 2 people dead