High Court Nixes Argentina's Asset Seizure Appeal

Law360, New York (February 22, 2011, 4:51 PM EST) -- The U.S. Supreme Court on Tuesday refused to hear Argentina's appeal of a ruling that allows vulture fund creditors to seize an Argentine trust fund's assets as part of its recovery on hundreds of millions of dollars in defaulted bonds.

The high court denied certiorari in the case, letting stand the decision rendered in August by the U.S. Court of Appeals for the Second Circuit, which allowed foreign creditors to go after the assets of the so-called BH Trust, a public Argentine fund, under New York's...
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