U.S. court rejects Argentina's contempt appeal in debt fight


  • World
  • Wednesday, 08 Apr 2015

NEW YORK (Reuters) - A U.S. court on Tuesday dismissed as premature Argentina's appeal of a federal judge's order finding the country in contempt for taking steps to evade his orders in a long-running dispute with hedge funds suing over defaulted debt.

U.S. District Judge Thomas Griesa last year ruled the South American country in contempt after he said it took "illegal" steps to sidestep his orders barring it from making interest payments on restructured debt until it settled with the funds.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Australian police charge five teenagers in Sydney cleric's stabbing
Thousands mark Anzac Day in Australia and New Zealand
Spain's Sanchez suspends public duties to 'reflect' on future
How streaming is boosting esports
Brazil's government submits rules to streamline consumption taxes
Roundup: U.S. crude supplies down, other petroleum data mixed
U.S. oil imports, exports up last week
Algeria, Tunisia, Libya agree to manage shared groundwater in Sahara
U.S. crude oil production unchanged last week
Ford Q1 net income drops

Others Also Read