In parallel, the investment funds Attestor Master Value / Trinity and Bainbridge Capital have lawsuits in their favor after deciding not to enter the debt swaps of 2005/2010 and expect to receive, between them, US $ 322 million from Argentina.
These were two of the most important so-called “Vulture Funds” that did not accept restructuring offers during the Néstos and Cristina Kirchner administrations. Both asked the judge who decreed the ruling, Loretta Preska, that Argentine assets be seized as a method of pressure.
It should be remembered that in 2014 the US judge Thomas Griesa led the country to a “technical default” since he prevented the bondholders from paying the exchange rate until the conflict with the holduouts was resolved.
One of the first measures of the government of Mauricio Macri was to disburse in a single payment US $ 9.3 billion in addition to these funds so that the judge lifts the precautionary measure.
Finally, there is also oFinal judgment at ICSID for US $ 21 million due to “Impregilo for breach of contracts”.
In addition to these cases, according to official data there are pending lawsuits for more than US $ 10,400 million. These amounts are relevant considering that the country has maturities of about US $ 20,000 million with the International Monetary Fund (IMF) for 2022, until a new agreement is closed, and that the net reserves are around US $ 5 .000 million.
Source From: Ambito
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