Argentina lost a lawsuit in New York for the PBI Coupon

New York Judge Loretta Preska ruled against the country in the case brought by the vulture fund Aurelius due to how during 2014, Cristina Fernández de Kirchner’s government modified the mechanism for measuring the national GDP. If the case settled, the country should pay a minimum of $1.2 billion for the GDP Coupon. According to Preska, the government acted in “bad faith”.

Source: Ámbito