Argentina Asks High Court To Nix Subpoenas In Bond Row

Law360, New York (January 14, 2013, 5:18 PM EST) -- Argentina has asked the U.S. Supreme Court to block a "vulture" hedge fund's efforts to gather information on the country's worldwide finances, arguing that federal law gives Argentina sovereign immunity as the fund tries to cash in on $1.6 billion in defaulted Argentine bonds.

NML Capital Ltd., an affiliate of hedge fund manager Elliott Management Corp., shouldn't be allowed to subpoena information on the country's finances from nonparties Bank of America NA and Banco de la Nacion Argentina because the Foreign Sovereign Immunities Act gives Argentina...
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