New York Appeals Court rules in favor of Argentina in a $70 million lawsuit

The Appeals Court of the Second Circuit of New York dismissed a demand for $ 70 million from the speculative funds Attestor Value, Bybrook Capital, Bybrook Hazleton, Trinity Investment and White Hasthorne, in claims related to the GDP Coupon Bond. Meanwhile, the European funds Palladian Partners LP, HB Master Fund LP and Hirs Group LLC sued Argentina before the London Supreme Court, for $ 6.1 billion, for breaching the guarantees of the bonds attached to the Gross Domestic Product (GDP) .

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Source: Nexofin

Categories: Macroeconomy/Finance