Argentina loses last-ditch US battle to block $300mn seizure

[MilHojas]

Argentina loses last-ditch US battle to block $300mn seizure

Supreme Court declines to hear appeal, giving creditors a rare opportunity to access funds from overseas accounts

www.ft.com

 

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Archived without paywall

https://archive.ph/2025.01.27-222352/https://www.ft.com/content/1df1f09d-1223-438d-b991-6cbd3c7b0931

 

[LuckyLuke]

It's still unclear how the holdouts will actually receive compensation. Some say they will seize "Brady bonds", but Argentine representatives have said that any collateral related to the bonds are in Argentine based reserve accounts. Others say that it will come out of Argentina's foreign reserve account in New York. Nevertheless 300 million is a drop in the bucket compared to the YPF judgement. Awful timing for Milei.

 

[Redpossum]

Archived without paywall

https://archive.ph/2025.01.27-222352/https://www.ft.com/content/1df1f09d-1223-438d-b991-6cbd3c7b0931

Thanks for the link.