Argentina lost its attempt to overturn a UK court order to pay US$1.5 billion to compensate investors for losses in the country’s growth-linked securities.The Court of Appeal refused the appeal over the payments to hedge funds including Palladian Partners LP. The ruling is another setback for the country that’s battling annual inflation near 300 percent and a worsening recession.
June 12, 2024
SOURCE: BUENOS AIRES TIMES
MORE COVERAGE: