Argentina Wins Delay of Order for Defaulted Bond Payments
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Argentina won a delay of U.S. court orders that would have required paying holders of defaulted bonds next month when it makes about $3 billion in scheduled payments on its restructured debt.
A federal appeals court in New York yesterday postponed the effect of the rulings, issued by U.S. District Judge Thomas Griesa, pending a further order of the court. The court, which is considering Argentina’s appeal, said it will handle the case on an expedited basis, setting Feb. 27 for oral argument.