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US justices signal limited win for bondholders against Argentina

U.S. Supreme Court justices on Monday indicated that creditors should be able to seek limited information about Argentina's non-U.S. assets in a case stemming from long-running litigation over Argentina's obligations to bond investors.

During the one-hour oral argument concerning hedge fund NML Capital's efforts to seek repayment, several justices suggested military and diplomatic assets should be off-limits, which would narrow the scope of the ruling.

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A separate and more high-profile case—in which Argentina is challenging a court judgment ordering it to pay $1.33 billion to the so-called holdout bond investors or face a potential default if it refuses to do so—is also pending before the U.S. high court.

—By Reuters