The United States Supreme Court upheld the seizure of assets worth around US$300 million held by Argentina at the Federal Reserve, a new judicial win for holdout investment funds with sovereign bonds that defaulted in 2001. It’s the latest setback for Argentina in a lawsuit brought on by multiple funds that rejected all three debt swaps the country offered (2006, 2010, and 2016) and have continued to litigate.
January 27, 2025
SOURCE: BUENOS AIRES HERALD
US Supreme Court upholds embargo on Argentine bank account