Argentina has capacity to pay holdouts - investors' lawyer
NEW YORK Feb 27 (Reuters) - A lawyer for so-called holdout investors at odds with Argentina's government said on Wednesday that there is "no question" the country has the capacity to pay them.
The 2nd U.S. Circuit Court of Appeals was hearing oral arguments on whether to reverse an order that the Argentine government pay $1.3 billion to a group of dissident bondholders stemming from the country's 2002 default. The court's findings could have wide impact on global debt markets.
"Argentina can pay it, there's no question about that," said Ted Olson, a lawyer for NML Capital Ltd, an affiliate of Elliott Management.
He also said NML was not seeking a court order that would deprive the investors who did accept restructured debt from collecting their bond payments.
- U.S.' Kerry voices 'regret' to India over diplomat case |
- Washington, DC city council raises minimum wage to $11.50/hr in 2016
- China confirms near miss with U.S. ship in South China Sea
- Medical bills underlie 60 percent of U.S. bankrupts: study
- Mega Millions winners in Georgia, California to split $648 million |