Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.
Colombia’s Congress has voted to bar presidents from seeking re-election, a move backed by President Juan Manuel Santos that undoes a law passed by his predecessor and rival Alvaro Uribe. The decision also marks a difference with the ongoing Latin American trend of successive re-elections, when not unlimited.
The Treasury of South Georgia & South Sandwich Islands have launched a crown coin which marks the 30th anniversary of the territory’s granting of a Coat of Arms by Royal Ascent. The Coat of Arms of South Georgia and South Sandwich Islands was granted in 1985, upon the formal creation of the territory.