Four investment funds, which owned around 48% of the securities issued between 2005 and 2010, sued Argentina in 2019. For the second time, the British justice system rejected the appeal.
Argentina on Wednesday lost an appeal before a London court to annul a ruling that left the country facing a bill of 1.56 billion euros ($1.67 billion) for securities linked to GDP.
Four investment funds, which owned around 48% of the securities issued between 2005 and 2010, sued Argentina in 2019 and the High Court of London ruled in their favor last year.leaving the country on the hook for 1,330 million euros plus interest.
The country filed an appeal last month. However, the London Court of Appeal rejected Argentina’s appeal in a written ruling on Wednesday.
News in development.-
Source: Ambito
