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US government files 'friendly' support for Argentina before the Supreme Court

Thursday, March 6th 2014 - 05:06 UTC
Full article 14 comments
The second time that the document carries the signature of US General Attorney, Donald Verrilli Jr. The second time that the document carries the signature of US General Attorney, Donald Verrilli Jr.

The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the hedge funds which the government of president Cristina Fernández refers to as ‘Vulture Funds’.

 According to the documents which were filed on Monday but published on Wednesday, the US government argues a “substantial interest in the correct interpretation and application,” of the Foreign Sovereign Immunities Act, or FSIA act.

In addition, they considered that the inferior courts “rejected the US stand as a friend of the tribunal,” and that the “debt restructuration is the proper way to overcome the sovereignty debt problem.”

This is the second judicial measure filed by the US government as part of the “Discovery Mundial” case.

It is also the second time that the document carries the signature of US General Attorney, Donald Verrilli Jr., who in December 2013 supported Argentina’s position, and defined New York’s Court decision as “incorrect,” after the tribunal backed the petition presented by NML Capital investment fund, owned by the financial tycoon Paul Singer.

In this opportunity, the Amicus Curiae sustained that if US Courts “allow more examinations of the assets owned by a foreign country, it could hurt the intentions of the FISA act, and have a number of adverse consequences,” for the United States.

Categories: Economy, Politics, Argentina.

Top Comments

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  • DanyBerger

    The poor yankees again have to put their trousers down with Argentina...

    “Amicus Curiae” ha

    Mar 06th, 2014 - 08:25 am 0
  • ChrisR

    The Obuma rabble still don't get it do they?

    Mar 06th, 2014 - 10:06 am 0
  • GeoffWard2

    “debt restructuration is the proper way to overcome the ... debt problem.”

    I guess it must be in US's interests to get back 10 cents on the dollar, but does what the US decides go for everybody else in the world?
    I think I would fight to get back what I was owed ... with interest!

    Mar 06th, 2014 - 10:57 am 0
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