US Supreme Court on September 30 will consider if it hears Argentina’s appeal on hedge funds

Thursday, September 12th 2013 - 05:07 UTC

Full article 11 comments

The US Supreme Court will use its Sept. 30 private conference to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. The schedule, revealed on Wednesday on the court’s public docket, means the justices may say as early as Oct. 1 whether they will review a 2012 federal appeals court ruling that requires Argentina to pay holders of defaulted bonds if the country makes payments on restructured debt. Read full article

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Mr Ed
I once heard a judge turn to a party and ask 'What principle are you relying on that isn't in any of my law books?', and that question springs to mind here.
Sep 12th, 2013 - 05:18 am - Link - Report abuse 0
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yankeeboy
I hear they are going to wrap in the most recent loss in NY Appeals court in this so whatever SCOTUS decides is final there won't be any other chance to appeal.
Sep 12th, 2013 - 07:17 am - Link - Report abuse 0
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Biguggy
Make the buggers pay.
I know CFK has said they won't no matter what the ruling so it will just serve, yet again, that RGland cannot be trusted.
Sep 12th, 2013 - 07:24 am - Link - Report abuse 0
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yankeeboy
Rumor is if SCOTUS takes up the case Arg will have to escrow the approx U$1.5B since they've said they won't pay no matter what.
Sep 12th, 2013 - 07:37 am - Link - Report abuse 0
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Gonzo22
18 days left ta tan ta tan
Sep 12th, 2013 - 08:22 am - Link - Report abuse 0
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ElaineB
CFK is simply trying to delay beyond the October elections. She knows she will not pay and the country will default. The ratings agencies know this also. Pretty much everyone know except her rabid followers.
Sep 12th, 2013 - 08:24 am - Link - Report abuse 0
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Conqueror
What date can we all get together to watch argieland die? Perhaps the RAF could put some Typhoons in the air to intercept anybody trying to flee the country. But then, where would she go? Bolivia or Ecuador I reckon. Maybe she'll just make a run for the local Ecuadorian embassy!
Sep 12th, 2013 - 09:21 am - Link - Report abuse 0
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GFace
@1 They will have to dig deep to justify hearing this case. Follow a US state's law or contract to which you agreed to follow *unless* you are a foreign country, the people whose contract you are breaking are meanies (law abiding but meanies all the same), following it cause harm to you and your charges/children/people-who--have-the-misfortune-of-having-to-deal-with-you-every day even though this is a drama of your own making, or you just don't want to and if you rule against us we still aren't going to abide by it. Pick one. Any one. None are defensible or follow a principle that you want to be a precedent for others to hide behind when the law doesn't make the world revolve personally around them.
Sep 12th, 2013 - 12:06 pm - Link - Report abuse 0
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Biguggy
@ Sounds like a good idea but can SCOTUS actually put conditions on before an actual hearing?
Sep 12th, 2013 - 04:30 pm - Link - Report abuse 0
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yankeeboy
9. NY Courts would lift the stay on the escrow at the request of SCOTUS. It wouldn't be a condition.
They know exactly what CFK is trying to do and they are a lot smarter than she is.
Sep 12th, 2013 - 04:50 pm - Link - Report abuse 0
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british bomber
The rgs are going to default and the bond holders are going to loose out again.
Sep 13th, 2013 - 07:09 pm - Link - Report abuse 0
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