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US Court rejects Argentina sovereign immunity argument; banks must show documents

Tuesday, August 21st 2012 - 02:25 UTC
Full article 12 comments

Argentina lost a bid on Monday to prevent bondholders from obtaining documents from two banks about the country's assets outside the United States. A three judge panel of the 2nd US Circuit Court of Appeals in New York said in an opinion that the Argentine government could not prevent a lower court's order forcing the banks to produce the documents. Read full article


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  • KretinaK

    Maybe they can get paid with some of this money.......

    Aug 21st, 2012 - 03:44 am - Link - Report abuse 0
  • PirateLove

    Argtards are still not having much luck on any sovereignty front and nobody wants to listen to retarded Argentina and their backward dribble,

    Aug 21st, 2012 - 10:38 am - Link - Report abuse 0
  • Britworker

    Yes unfortunately like everyone the Argentines come into contact with 'familiarity breeds contempt'.

    Aug 21st, 2012 - 04:04 pm - Link - Report abuse 0
  • Brit Bob

    Argentina is regarded as a pariah state by international money lenders.

    Pay up!

    Aug 21st, 2012 - 06:21 pm - Link - Report abuse 0
  • yankeeboy

    Just because CFK doesn't think she owes the debt doesn't make it so. The interest keeps piling up and ARG is getting squeezed tighter and tighter every day.
    I head they laided of 1500 people in Mendoza as a direct consequence from the loss of import preferences. It is just the start.
    Eventually they will have to settle up the Dart family can out wait CFK just you see.

    Aug 21st, 2012 - 09:36 pm - Link - Report abuse 0
  • Guzz

    I heard going to school in USA is a true adventure. I guess it takes drastic measures to teach how to kill children. But you are doing good...

    Aug 21st, 2012 - 11:26 pm - Link - Report abuse 0
  • Fido Dido

    Guzz nevermind them...those useful idiots don't even realize that those vulture funds are also US and UK's true enemy. That's one of the main problem why those countries are walking straight and fast towards hell.

    Aug 22nd, 2012 - 04:24 am - Link - Report abuse 0
  • yankeeboy

    BTW I also heard FIAT laid off another 900 people it seems strange that will all the layoffs and closings that INDEC reported unemployment down...don't you think?
    Recession AND 40% Inflation...that truly is a tremendous achievement. Has any other country in HISTORY ever accomplished it?

    Aug 22nd, 2012 - 11:28 am - Link - Report abuse 0
  • British_Kirchnerist

    Maybe Argentina should comply with this ruling of a foreign court...if Shell etc comply with the Argentine courts and stay out of disputed South Atlantic waters =0

    Aug 23rd, 2012 - 12:16 am - Link - Report abuse 0
  • Captain Poppy

    BK the best part of this is that Argentina does not have to comply. But be assured and don't bet your socialist ass that the BoA will resist a court order.

    Aug 23rd, 2012 - 04:30 pm - Link - Report abuse 0
  • Pirat-Hunter

    Sorry but I don't think USA has jurisdiction over Argentine banks they have no say in Argentina, Argentina tryed to do the same with bridas oil and gas contracts in Afghanistan and US courts use the excuse that bridas had made deals in Afghanistan where US claimed had no jurisdiction even after being in control of the afghan government, I wonder how the shoe will look on the other foot.

    Aug 24th, 2012 - 08:10 pm - Link - Report abuse 0
  • Captain Poppy

    Bank of America is an American bank and they have capitulated

    Aug 24th, 2012 - 09:23 pm - Link - Report abuse 0

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