WASHINGTON --- Argentina this week requested that the U.S. Supreme Court review a lower court ruling that would compel the country to pay more than $1.3 billion to U.S. “holdout” bondholders that the Argentine president has called “vultures.” The case is being widely watched due to its immediate, as well as long-term implications. On one hand,
Argentina Requests Supreme Court Relief in “Vulture Fund” Case
Two American hedge funds are holding up Argentina’s debt restructuring process, and Argentina has called on the U.S. Supreme Court to step into a situation that could have significant implications for poor countries around the world.