The Supreme Court authorized to seize assets in that country to pay bonists

The The United States Supreme Court failed against Argentina In the case of a vulture fund group that had 2001 default bonds they had bought to holders who had not entered the exchange of 2005, 2010 and 2016. The Central Bank faces an embargo of US $ 310 million.

So The consultant and analyst Sebastián Maril stands out, through his x account . The director of Latam Advisors, Specialist in the judicialized debt of Argentina, he points out that it is the second defeat of Argentina in three months.

“The Supreme Court of the United States rejects Argentine appeal in a case related to the ´holdouts´ And the collateral embargo of the Brady bonds, “says Maril.

Maril adds that “Creditors will soon take possession of US $ 310 million deposited in accounts of the New York Federal Reserve in the United States, Germany and Switzerland” And he states that “this is the second defeat of the Argentine Republic before a Supreme Court in the last three months.”

The Latam Advisors analyst recalls that “in October, the Supreme Court of the United Kingdom failed against the country in the Cupón PBI case. ”

The vulture funds that managed to sentence in favor are Attestor Master Value, Trinity Investments, White Hawthorne, Bison Bee LLC and Bybrook Capital Master.

These had bought bonds in Default of 2001 that did not enter the exchange of 2005, 2010 and 2016. They represent 3% of the Argentine debt. These are the United States Treasury Bonds that are in the Central Bank account in the Federal Reserve, which had been Used as a guarantee of Brady bonds, from the 90’s. As the latter have already been canceled, The guarantee was released. The creditors go for them.

The judge Loretta Preskafrom the Court of the Southern New York District, he failed in favor of the embargo August 2022, but Argentina appealed. Judge Debra Ann Livingston, of the Court of Appeals of the Second Circuit, had ratified the first instance ruling. The case of the Court, it is about the highest court denied the request for appeal of the Argentine Government.