Wednesday, July 30th15.7°C
22568
21953

US Supreme Court to hear arguments from Argentina, creditors on access to foreign assets

WASHINGTON - The U.S. Supreme Court is hearing arguments Monday in Argentina's decade-long battle with holders of its defaulted bonds.

The question now before the court is relatively narrow, focusing on whether a sovereign nation can be forced to reveal its assets around the world so plaintiffs can collect on U.S. court judgments.

But the justices will be watched closely for clues to how they might rule on a more critical case involving the same players: the Argentine government's appeal of a $1.4 billion judgment that it says could destroy the country's economy and damage the U.S. financial system.

So far, the courts have backed NML Capital Ltd., which won an unprecedented judgment that would block Argentina's payments to all other bondholders unless it pays cash first to the plaintiffs.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX15495.98+49.431
S&P CDNX1016.24-0.26
DJIA16834.54-77.57
Nasdaq4448.977+6.279
S&P 5001965.02-4.93
CDN Dollar0.9168-0.0048
Gold1310.00+6.70
Oil101.38+0.41
Lumber322.30+0.30
Natural Gas3.73-0.017

 
Okanagan Companies
Pacific Safety0.175-0.01
Knighthawk0.01-0.005
QHR Technologies Inc1.200.00
Cantex0.085+0.02
Anavex Life Sciences0.26-0.0075
Metalex Ventures0.085+0.005
Russel Metals35.03-0.26
Copper Mountain Mining2.84-0.02
Colorado Resources0.22-0.005
ReliaBrand Inc0.10+0.019
Sunrise Resources Ltd0.035+0.015
Mission Ready Services0.165+0.01

 



21623

FEATURED Property
191554618 - 2368 Abbott Street
2 bedrooms 2 baths
$1,295,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Take charge of your debt

Photo: Thinkstock.comWays to reduce your Debt:Make a budget and get budget counselingA basic first step for debt reduction is to prepare a budget and plan your spending. Once you have a budget, you mu...


Geopolitical tensions rattle markets

The Big Picture Geopolitical tensions rattle markets The spectre of rising geopolitical tensions in Ukraine and Gaza cast a shadow over an otherwise positive week in the markets. News that a passenger...


Learn to delegate effectively

Photo: ContributedI have the pleasure of witnessing people delegate tasks quite often. Sometimes with tremendous success and sometimes with disastrous consequences. I have chaired a lot of committees...

_








Member of BC Press Council


22461