Supreme Court To Hear Argentina Bond Subpoena Case

Law360, New York (January 10, 2014, 6:08 PM EST) -- The U.S. Supreme Court on Friday agreed to hear a dispute about whether NML Capital Ltd. can subpoena two banks for information on Argentina's non-U.S. assets as the hedge fund seeks to collect on $1.5 billion in defaulted bonds.

The court said it would consider Argentina’s January 2013 appeal of a Second Circuit decision approving the subpoenas. NML wants Bank of America Corp. and Banco de la Nacion Argentina to reveal information about Argentina's worldwide finances.

The subpoena spat is part of a long-running dispute in...
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