Expiration of clause could pave way for Argentina to settle long-standing debt dispute

December 31, 2014 7:30 PM

6 0

Expiration of clause could pave way for Argentina to settle long-standing debt dispute

FILE - In this Aug. 20, 2014 file photo, Argentina's President Cristina Fernandez, right, speaks with her Economy Minister Axel Kicillof during a ceremony for the 160th anniversary of the Buenos Aires Stock Exchange in Buenos Aires, Argentina. The Argentine government and a group of holdout bond creditors led by billionaire Paul Singer will soon have a chance to renegotiate a longstanding dispute that U.S. courts and the U.N. have wrestled with and that could ultimately have a large impact on debt restructuring worldwide. The so-called Rights Upon Future Offers clause, which obligates Argentina to match the terms of any new bond negotiations for old creditors, expires Jan. 1. (AP Photo/Victor R. Caivano, File) (The Associated Press)

BUENOS AIRES – The Argentine government and a holdout group of bond creditors led by billionaire Paul Singer will soon have a chance to renegotiate a longstanding debt dispute that U.S. courts and the United Nations have wrestled with and that ultimately could impact debt restructuring worldwide.

Also read: Brexit Bulletin: Brexit Back in the Dock

Read more

To category page

Loading...