NML, Aurelius Seek to End Delay on Argentina Ruling
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Elliott Management Corp.’s NML Capital and Aurelius Capital Management LP asked a court to allow enforcement of a ruling that bars Argentina from paying holders of the nation’s restructured debt without also paying in full the owners of $1.5 billion in defaulted bonds.
NML and Aurelius asked the U.S. Court of Appeals in Manhattan yesterday to remove its stay delaying implementation of the injunction while Argentina seeks to appeal to the U.S. Supreme Court. Lifting the stay would threaten payments on the restructured debt. The next scheduled payments are due Dec. 2.