Wednesday, April 1st2.5°C
25326
24864

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

25719


Recent Trending




Today's Market
S&P TSX14902.44-5.95
S&P CDNX680.07-0.26
DJIA17776.12-200.19
Nasdaq4900.88-46.56
S&P 5002067.89-18.35
CDN Dollar0.7873-0.0015
Gold1182.80-0.30
Oil47.26-0.34
Lumber275.30-2.90
Natural Gas2.669+0.029

 
Okanagan Companies
Pacific Safety0.125+0.010
Knighthawk0.010.00
QHR Technologies Inc1.48-0.02
Cantex0.03-0.01
Anavex Life Sciences0.211-0.004
Metalex Ventures0.04+0.00
Russel Metals24.04-0.36
Copper Mountain Mining1.16-0.02
Colorado Resources0.11-0.01
ReliaBrand Inc0.0036-0.0024
Sunrise Resources Ltd0.04-0.01
Mission Ready Services0.25+0.02
Decisive Dividend Corporation1.80+0.02

 





FEATURED Property
22086443644 Dunbarton Road
4 bedrooms 3 baths
$364,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Down payment

If you have less than 20% down payment, mortgage insurance is required through Canada Mortgage & Housing (CMHC), Genworth or Canada Guaranty. Homeowners no longer need the minimum 5% down payment ...


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...

_








Member of BC Press Council


25732