Argentina, NML debate US asset disclosures

Argentina, NML debate US asset disclosures

Corporate & Sovereign Strategy

In the latest episode of Argentina’s fight with bondholders over its 2002 default, the US Supreme Court heard arguments on Monday over discovery of the sovereign’s assets in the US. If the court rules against Argentina, the country would be obliged to disclose the assets it holds in the US, possibly paving the way for their confiscation to pay holdout creditors led by NML Capital. The American Task Force Argentina (ATFA), a lobby group representing US institutions including holdout hedge fund El

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