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U.S. May Own Argentina? Huh? U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."

 
Anonymous Coward
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06/25/2013 07:02 PM
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U.S. May Own Argentina? Huh? U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."
Argentina has taken its legal battle with "holdout" creditors to the U.S. Supreme Court, asking that body to overturn a lower court ruling in a case whose outcome could push the country into default.

The country is seeking to void an October 2012 ruling by the 2nd U.S. Circuit Court of Appeals in New York that found it had violated a clause in its bond documents requiring it to treat creditors equally.

In its petition filed on Monday with the Supreme Court, Argentina called that ruling "irreconcilable" with Congressional intent and prior case law, and would let U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."

Argentina's filing came as investors await a 2nd Circuit ruling on whether to uphold U.S. District Judge Thomas Griesa's order last November that Argentina pay holdout bondholders $1.33 billion.


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Anonymous Coward (OP)
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06/25/2013 07:03 PM
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Re: U.S. May Own Argentina? Huh? U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."
ruurt roowwww...

Good Steaks I hear...down there
Widespread Franklin

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06/25/2013 07:05 PM
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Re: U.S. May Own Argentina? Huh? U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."
they celebrate every year on my birthday, so you can put me in charge! ill be godlike...
Anonymous Coward (OP)
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06/25/2013 07:08 PM
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Re: U.S. May Own Argentina? Huh? U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."
they celebrate every year on my birthday, so you can put me in charge! ill be godlike...
 Quoting: Widespread Franklin


kick me some land down there and Ill vote for ya!
Anonymous Coward (OP)
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06/25/2013 08:18 PM
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Re: U.S. May Own Argentina? Huh? U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."
Argentina has taken its legal battle with "holdout" creditors to the U.S. Supreme Court, asking that body to overturn a lower court ruling in a case whose outcome could push the country into default.

The country is seeking to void an October 2012 ruling by the 2nd U.S. Circuit Court of Appeals in New York that found it had violated a clause in its bond documents requiring it to treat creditors equally.

In its petition filed on Monday with the Supreme Court, Argentina called that ruling "irreconcilable" with Congressional intent and prior case law, and would let U.S. courts "use their coercive powers to restrain sovereign property located outside the United States."

Argentina's filing came as investors await a 2nd Circuit ruling on whether to uphold U.S. District Judge Thomas Griesa's order last November that Argentina pay holdout bondholders $1.33 billion.


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 Quoting: Gonviral


they celebrate every year on my birthday, so you can put me in charge! ill be godlike...
 Quoting: Widespread Franklin





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