"outlaws": Do You Agree?

how am I confused? Didn't Nestor agree to allowing the US courts to have jurisdiction?


http://infoleg.mecon.gov.ar/infolegInternet/anexos/105000-109999/105641/norma.htm

You are confused because the conflict is about bondholders who didn't accept the new bonds enacted by Kirshner.

Those bonds were enacted in 1992 by Menem-Cavallo. Google brady plan.

That's why they are also called holdhouts.
 
there is an international bullying campaign against Argentina??

tapa-313-chica.jpg
 
Please, enlight me.
Brady bonds in the Emerging Markets debt markets was gradually eroded, as they were essentially replaced by a wide variety of even more market-friendly instruments. By mid-2006, most Brady debt had been exchanged or bought back by debtor nations in public or private secondary market transactions. While Brady bond trading accounted for 61% of total Emerging Markets debt trading in 1994 (U.S. $1.68 trillion), EMTA's Debt Trading Volume Survey showed that Brady bond market share had declined to approximately 2% of total trading by 2005.
We are not talking about Brady Bonds after Menim. Current bond were a product of of the K 'take it or leave it " Plan
 
Brady bonds in the Emerging Markets debt markets was gradually eroded, as they were essentially replaced by a wide variety of even more market-friendly instruments. By mid-2006, most Brady debt had been exchanged or bought back by debtor nations in public or private secondary market transactions. While Brady bond trading accounted for 61% of total Emerging Markets debt trading in 1994 (U.S. $1.68 trillion), EMTA's Debt Trading Volume Survey showed that Brady bond market share had declined to approximately 2% of total trading by 2005.
We are not talking about Brady Bonds after Menim. Current bond were a product of of the K 'take it or leave it " Plan

They didn't take it, so? They have old bonds.
 
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