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Apr

13

Court Opens Way for Argentina to End Battle With Hedge Funds

By Tony Seruga

The United States Court of Appeals paved the way on Wednesday forArgentina to raise billions of dollars to pay a group of New York hedge funds, bringing it one step closer to re-entering international markets for the first time in 15 years.

In a ruling from the bench, three judges on the court of appeals in New York upheld a ruling by Judge Thomas P. Griesa of the United States District Court in Manhattan to lift an injunction that had barred Argentina from paying its creditors and eventually led the country to default in 2014…

Court Opens Way for Argentina to End Battle With Hedge Funds

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