Second Argentine holdout group grows

Second Argentine holdout group grows

Bonds

Holdout creditors that do not stand to benefit from a recent US Supreme Court decision against Argentina have created an ad hoc group that “continues to grow”, law firm Bingham McCutchen has said. The ruling last month is set to benefit a group of holdout creditors led by NML capital, but Argentina said the decision makes the country liable for up to $13bn in claims stemming from the country’s 2001 default. Bingham McCutchen is advising the holders of defaulted notes that are not to benefit from

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