Argentine Defaulted Bond Holders Oppose Request to Court
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Holders of defaulted Argentine bonds opposed a request by holders of restructured bonds to let a New York appeals court clarify what the equal treatment provision of the securities contracts means.
The request to have the U.S. Court of Appeals in New York certify the question to the state appeals court for interpretation is “patently inappropriate,” Elliott Management Corp.’s NML Capital Fund said yesterday in a court filing.