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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal

US Judge orders freeze on Argentine pension investments

Posted on 31 October 2008

From Reuters: A U.S. judge ordered the freezing of Argentine pension fund investments in the United States to satisfy a prior $554 million judgment against the South American country on behalf of holders of its defaulted sovereign debt.

Judge Thomas Griesa of U.S. District Court in Manhattan on Wednesday granted a request by bondholders to freeze the assets. Griesa asked representatives of Argentina to respond in court on Nov 6….. Full Article: Source


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