Argentina moves to end creditor debt dispute
- 10 years ago
Argentina will submit a plan for talks over how to settle its debts with all creditors, the country’s lawyers said on Monday.
The move aims to diffuse a decade long legal dispute in the US which has threatened to push the Latin American state into a new default.
Buenos Aires has described some of the investors it owes as ‘Vultures’.
Until a recent US Supreme Court ruling Argentina had refused to talk with a small group of hedge funds holding out for full payment on bonds they bought at a big discount following the country’s default in 2001.
Over the weekend the Argentine government published adverts in leading US newspapers criticising the recent ruling in favour of the fund holders.
The move aims to diffuse a decade long legal dispute in the US which has threatened to push the Latin American state into a new default.
Buenos Aires has described some of the investors it owes as ‘Vultures’.
Until a recent US Supreme Court ruling Argentina had refused to talk with a small group of hedge funds holding out for full payment on bonds they bought at a big discount following the country’s default in 2001.
Over the weekend the Argentine government published adverts in leading US newspapers criticising the recent ruling in favour of the fund holders.