Argentina Asks 2nd Circ. To Curb Discovery In $1.6B Bond Case

Law360, New York (April 23, 2012, 5:43 PM EDT) -- Argentina on Monday asked the Second Circuit to stop a hedge fund from going after the records on its internationally held finances, a bid to stymie the fund's effort to collect $1.6 billion it's owed in connection with the country's debt default.

The South American nation told a Second Circuit panel sitting in New Haven, Conn., that U.S. law does not allow a litigant to issue subpoenas related to a foreign country's debt held overseas.

Hedge fund NML Capital, which bought Argentine debt for pennies on...
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