US Supreme Court possible action on Argentina/hedge funds case deferred a week

Tuesday, October 1st 2013 - 18:32 UTC

Full article 9 comments

The US Supreme Court on Tuesday took no action on a landmark case pitting Argentina against creditors which could have deep repercussions for financially troubled governments and their creditors. The court had been expected to announce whether it would review the case, but it was not included in a list of cases accepted or denied for review that was released on Tuesday. Read full article

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Think
Ahhhh
Uncertainty keeps one young.....
Oct 01st, 2013 - 06:48 pm - Link - Report abuse 0
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Pugol-H
Things are somewhat less uncertain with this development, not good news for Argentina at all.
Oct 01st, 2013 - 06:58 pm - Link - Report abuse 0
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nota
Can I ask a question think, which country do you currently have residence?
Oct 01st, 2013 - 07:48 pm - Link - Report abuse 0
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yankeeboy
I can't think of anything less important to the WH this week.

Plus I refer you to the tried and true universal law of “no backsies”

I will be shocked if SCOTUS takes this up and I think 2nd Circut will follow up shortly with their final ruling so this is finally over with a stake in its heart.
Oct 01st, 2013 - 07:52 pm - Link - Report abuse 0
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nota
well you know how the system work better than I Yankeeboy. It be interesting if IMF undertakes a through audit of all INDEC figures and if all false well...I am sure that will well and truly open the floodgates of further litergation
Oct 01st, 2013 - 07:57 pm - Link - Report abuse 0
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Captain Poppy
You are correct Yankee, the WH has more pressing matters to handle. However, SCOTUS only has to ask the WH for a brief as in the past Argentina cases and the WH does not have to respond in a week. They can take months to responds, they are not subject to rule 37 when SCOTUS asks for a brief.
But........in the end, be it next week or a few months, they will not be taking this case in my opinion, especially with pending appeals in NY.
Oct 01st, 2013 - 11:12 pm - Link - Report abuse 0
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Conqueror
An important feature of this “matter” is that NO nation is as corrupt and criminal as argieland. Therefore, no honest nation has any cause for concern. THE WORLD condemns North Korea for developing nuclear weapons and ICBMs. THE WORLD condemns Iran for attempting to develop nuclear weapons and ICBMs. THE WORLD condemns Syria for using chemical weapons. Is there some reason not to condemn argieland for corrupt and criminal behaviour affecting THE WORLD?
Oct 02nd, 2013 - 11:58 am - Link - Report abuse 0
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Condorito
I still think the US SC will hear this case. It is an important issue with important implications.

Coincidentally and surely with nothing to do with this, the La Campora embassy in Washington has decided to cooperate on the Iranian issue.
Oct 02nd, 2013 - 12:35 pm - Link - Report abuse 0
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yankeeboy
As I suspected SCOTUS turned them down. This has always been simple contract law with 150+ yrs of case law to reference.
Oct 07th, 2013 - 03:09 pm - Link - Report abuse 0
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