Argentina Seeks U.S. Supreme Court Review in Debt Case
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Argentina asked the U.S. Supreme Court to review a case that has unsettled the country’s financial markets and might force it to make payments on billions of dollars of defaulted bonds.
In a papers filed today in Washington, Argentina challenged a lower court ruling that said the country must pay owners of the repudiated bonds in full before it can make payments on a separate $24 billion in restructured debt. Argentina is fighting claims by a fund, controlled by billionaire Paul Singer, that holds some of the defaulted debt.