Supreme Court rejects Argentina bond appeals

[JURIST] The US Supreme Court [official website] on Monday denied appeals from Argentina over debts stemming from an economic collapse over a decade ago. The US Court of Appeals for the Second Circuit ruled in October 2012 [JURIST report] that Argentina must pay $1.33 billion to bondholders when it repays its debts. The Second Circuit affirmed a district court ruling that Argentina breached a promise when it prioritized paying holders of its restructured debt over the bondholders who held its...

Source: http://jurist.org/paperchase/2014/06/supreme-court-rejects-argentina-bond-appeal.php

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