MercoPress. South Atlantic News Agency
China/Argentina swap disagreements to be addressed by courts in London and Paris
Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt. Read full article
Comments
Disclaimer & comment rulesSo China is using the British legal system to guarantee their loans to Argentina because they don't trust the Argentines to abide by the agreement.
Jul 22nd, 2014 - 06:50 am - Link - Report abuse 0And I thought that China was Argentina's new 'bestest' friend in the whole world. Friends they might be portraying themselves as, but they're not stupid enough to believe a word Argentina says.
This must rub all those Malvinista's up the wrong way. Argentina being held accountable in British courts.
Of course, being Argentines, the Chinese don't believe that they'd agree to use British courts (being as they are completely impartial in the matter), so they've added in a second layer of security.
So, the ONLY way Argentina can get money off anyone is by giving away it's sovereign 'rights' in money matters.
I wonder how Tobias's fake Chinese persona will be affected by this?
Brilliant, with the flick of a switch UK Courts will now be able to turn off Tinka's power in deepest Patagonia. Dreams of a winter bath with his favourite goat won't be quite as sweet for the smelly old git.
Jul 22nd, 2014 - 07:40 am - Link - Report abuse 0Pity that UK can't stay away from this.
Jul 22nd, 2014 - 09:08 am - Link - Report abuse 0I find it funny that they would go to the UK, the sworn enemy of Kirchner........lol
Jul 22nd, 2014 - 12:26 pm - Link - Report abuse 0Good Lord.....the life of a beggar is always spinning.
Don't we have to wait to see what “instruments” China uses to loan money to argieland. British courts might refuse to accept jurisdiction. But there's one thing argieland can be sure of. British courts are just as tough as Judge Griesa. And Judge Griesa's judgement is now a precedent for British courts.
Jul 22nd, 2014 - 12:31 pm - Link - Report abuse 0You all have good points, but ?
Jul 22nd, 2014 - 06:55 pm - Link - Report abuse 0But does not the ECHR have final say over things,
Especially if CFK claims Argentina rights are being abused,
Just saying like, and probably wrong…
.
Just why would the Chin think The Dark Country will never pay what it owes?
Jul 22nd, 2014 - 08:43 pm - Link - Report abuse 0Ha, ha, ha.
@6
Jul 23rd, 2014 - 04:14 pm - Link - Report abuse 0Why would a court of Human Rights be asked to rule over financial contracts?
Unless, I suppose, these contracts could be proved to have infringed someone's HRs .... You never know what the Argentina Gov will say next!
I think that is why China has put in the 2nd layer provision of the ICC.
If the Argie Gov was ever in court in London, I would definitely get a seat in the Public Gallery!!!!!!!
:)
ha ha . nice one.
Jul 23rd, 2014 - 06:47 pm - Link - Report abuse 0Commenting for this story is now closed.
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