Saturday, August 23, 2014

Argentina debt plan ruled 'illegal' in US court

http://www.bbc.com/news/business-28891208

Argentina's plan to exit its debt default by asking investors holding defaulted bonds to swap them for new locally issued debt has been ruled "illegal" by a US court. New York Judge Thomas Griesa said the plan was "lawless".  However, he stopped short of finding the country in contempt of court.
Rotterdam,23/08/2014-INC News

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