Argentina Tells 2nd Circ. It May Defy Order In $1.4B Bond Row

Law360, New York (February 27, 2013, 8:48 PM EST) -- Argentina may default on its sovereign debt — again — rather than comply with a U.S. court order requiring it to pay back an estimated $1.4 billion to what it calls “vulture” creditors, a lawyer for the republic told the Second Circuit on Wednesday.

The country has no intention of obeying an outstanding U.S. court order that requires it to pay a group of creditors who refused Argentina's overtures to restructure their bonds after a 2001 default, Jonathan I. Blackman of Cleary Gottlieb Steen & Hamilton...
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