Game over

19 February 2016 By Reynolds Holding Follow @holdingren

A U.S. judge says he will allow the Latin American nation to resume paying creditors by March if Argentina’s Congress cooperates. He also praised President Mauricio Macri for helping forge a deal. Settlement looks like the only option for hedge fund Elliott and fellow holdouts.

This content is for Subscribers only

Context News

U.S. District Judge Thomas Griesa said on Feb. 19 that he would lift orders that restrict Argentina from servicing its restructured debts.

The injunction could be vacated on the conditions that the Latin American country repeal legal obstacles to paying its debt to the holdout bondholders and that it makes full payment to those investors that accept the settlement offer by Feb. 29.

The ruling was issued at Argentina’s request, though Griesa lacks jurisdiction because of a pending appeal.

Email a friend

Please complete the form below.

Required fields *