Supreme Court (U.S.)

US justices signal limited win for bondholders against Argentina

Argentina vs. NML Capital

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