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The US justice releases US $ 210 million to pay Holdouts of 2001 – The Observatorial

It is not a good week in international courts for Argentina. On Wednesday bonds who had sued the country for the payment of the PBI coupon in London They managed to execute a US $ 325 million guarantee that the country had left to appeal the ruling against. And this Friday, in New York, Judge […]

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The decision was formalized by Judge Loretta Preska and will be executed tomorrow. The U.S. Supreme Court had authorized it in January. It also frozen another $100 million.

·Buenos Aires, Argentina
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New York federal judge Loretta Preska enabled the US$210 million embargo to allow vulture funds that have not entered into the swaps since then to collect part of their debts for the 2001 default. It adds to Wednesday’s decision, when bonists who had sued the country for payment of the PBI coupon in London managed to enforce a $325 million guarantee that the country had left to appeal the ruling against. “Judge Loretta Preska approves the US$210…

U.S. judge Loretta Preska authorized the $210 million asset embargo on the Argentine state, which exacerbates the conflict with default bondholders. The decision, which follows the precedent established by the U.S. Supreme Court in January, will benefit the Attestor fund, which has been involved in [...] U.S. Justice Entry authorized an embargo of $210 million in Argentina's assets and froze another $100 million was first published in INFOGATE.

A new embargo will be executed against Argentina, this time in the courts of the United States: Judge Loretta Preska approved the retention for $210 million corresponding to the judgment of the default of the bonds in 2001, while it would also freeze another $100 million. This was confirmed to Bloomberg Line by the director of Latam Advisors, Sebastián Maril, an expert who monitors international litigation against the country. This is a decision…

U.S. Justice frees $210 million to pay holdouts in 2001.

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diariopanorama.com broke the news on Friday, February 7, 2025.
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