Surf Taiwan News, Browse the World »
Investors to Supreme Court: Deny Argentine do-over
Litigious investors ask US Supreme Court to deny Argentina a 'do-over' on $1.4B debt ruling
Associated Press
2014-05-08 10:01 PM

BUENOS AIRES, Argentina (AP) -- Argentina's opponents have filed their last arguments with the U.S. Supreme Court against the South American country's efforts to avoid paying $1.4 billion in cash to so-called "vulture funds" that scooped up its defaulted debt. Justices will decide next month whether to hear Argentina's appeal.

Billionaire Paul Singer's NML Capital fund is leading the legal fight. It says President Cristina Fernandez doesn't deserve a Supreme Court hearing because she has repeatedly vowed not to honor an adverse ruling.

Aurelius Capital Management, which is based in the Cayman Islands to avoid taxes, also filed Wednesday night, urging justices to deny a "do-over."

Argentine Cabinet chief Jorge Capitanich says these funds have spent millions of dollars on aggressive tactics and bad-faith arguments.

Advertisement »
HOME |  WORLD |  Politics |  Business |  Sports |  Lifestyle |  TAIWAN |  Technology |  Health |  SUPPLEMENT |  Society |  OPINION
  • Taiwan News  ©  2014 All Rights Reserved.