Argentina's long-running battle with hedge funds holding billions of dollars in Argentine defaulted bonds reached a crucial point Monday, with the high court ruling against the country in two appeals.
June 16, 2014 at 03:47 PM
1 minute read
Federal courts can order foreign sovereigns, such as Argentina, to produce information about their worldwide assets so that creditors can collect on court-ordered judgments, the U.S. Supreme Court ruled on Monday.
The 7-1 decision in Argentina v. NML Capital was one of two blows dealt by the high court to the South American nation in its long-running litigation battle with holders of billions of dollars in Argentine defaulted bonds.
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