High Court Rejects Argentine Attachment Appeal

Law360, New York (March 1, 2010, 5:58 PM EST) -- The U.S. Supreme Court on Monday rejected an appeal by a hedge fund seeking to collect on $200 million in bonds issued by the Republic of Argentina, upholding an appeals court's decision that money the Argentine government had been attempting to transfer out of the United States was immune from attachment.

The U.S. Court of Appeals for the Second Circuit in October reversed a district court's ruling that the bonds were subject to attachment, finding the lower court abused its discretion in issuing the orders because...
To view the full article, register now.