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Argentina is due to appear in a New York Appeals Court today, when it will try to persuade the...

Argentina is due to appear in a New York Appeals Court today, when it will try to persuade the judge to reverse a ruling that it pay $1.3B to investors that refused to accept the country's debt restructuring after it defaulted 2001. The case could "create unrest in the credit markets and result in cascades of litigation," says Bank of New York Mellon (BK).
Comments (3)
  • Ray Lopez
    , contributor
    Comments (1508) | Send Message
     
    This is one of the most important cases of the decade. Why? Because the USA will do the same thing--default on their debt--and when people sue in foreign courts they will use this case as precedent. So the judge better think long and hard before he decides against Argentina. What goes around, comes around.
    27 Feb 2013, 08:06 AM Reply Like
  • johnniesama
    , contributor
    Comments (2) | Send Message
     
    Countries should set an example to people as both countries and people should make good on their debts as they represents a promise to pay.
    27 Feb 2013, 03:01 PM Reply Like
  • godalmightee13
    , contributor
    Comments (466) | Send Message
     
    And foreclose on them like they do the mere mortals of society. Aw 'there goes a flying pig'
    27 Feb 2013, 04:22 PM Reply Like
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