FOCUS EUROPE

Sudden Debt Overtime

The Argentine economic crisis produced a flood of big arbitrations. Now the awards against Argentina are piling up--but so far investors haven't collected a single peso.

, Focus Europe

The Argentine economic crisis produced a flood of big arbitrations. Starting in 2002, foreign-owned utilities, unable to hike the price of basic services like water, gas, and electricity to compensate for the peso's sharp drop, began filing claims. Now the awards against Argentina are piling up--but so far investors haven't collected a single peso.

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