Argentina Asks Court to Overturn Order on Defaulted Debt
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Argentina asked a U.S. appeals court to reverse rulings that would help Elliott Management Corp.’s NML Capital Fund among other creditors collect on sovereign debt the country repudiated more than a decade ago.
Argentina, which defaulted on a record $95 billion of bonds in 2001, filed a brief yesterday with the U.S. Court of Appeals in New York, arguing the rulings illegally interfere with its immunity as a sovereign nation and improperly exert authority over third parties.