Belgian Holders of Argentine Debt Lose Bid for Court Order
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Belgian holders of Argentine debt lost a bid for an emergency order from a Brussels court seeking to secure payments they later received on schedule on June 30, a lawyer told a U.S. court.
Christopher Clark, a lawyer representing holders of Euro-denominated Argentine bonds told the U.S. Court of Appeals in New York that the Brussels Commercial Court on June 28 rejected a request by the Belgian bondholders for an emergency ruling requiring Belgian intermediaries to go forward with the June 30 payments, which they claimed were threatened by U.S. court orders that are currently being appealed. The payments went forward on schedule, without the Belgian court order, Clark said.