Musk Spaceship Hunted by Singer for 7% Payday: Argentina Credit
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Argentina’s getting a reminder that its creditors will go beyond the ends of the earth to get their money back.
In his latest bid to enforce $1.7 billion in judgments on bonds from Argentina’s 2001 default, billionaire Paul Singer is suing the country and Elon Musk’s Space Exploration Technologies Corp. for rights to two launch-services contracts owned by the South American nation. In 2012, Singer tried seizing a naval vessel docked in Ghana, while efforts by other litigating creditors include seizing weapons stored in U.S. warehouses and trying to ground the presidential plane.