(Adds background, details)
AMSTERDAM Aug 7 Argentina asked the world court
in The Hague on Thursday to take action against the United
States over Argentine sovereign debt, the latest move in the
South American country's long-running dispute with holdout
Argentina defaulted last week after losing a long legal
battle with hedge funds that rejected the terms of debt
restructurings in 2005 and 2010.
A statement issued by the International Court of Justice,
the U.N.'s highest court for disputes between nations, said
Argentina's request had been "transmitted to the U.S.
Government. However, no action will be taken in the proceedings
unless and until" Washington accepts the court's jurisdiction.
The United States has recognised the court's jurisdiction in
the past, but it was not immediately clear if it would do so in
The default came after Argentina failed last week to strike
a deal with the main holdouts among investors, NML Capital Ltd,
an affiliate of Elliott Management Corp and Aurelius Capital
Buenos Aires maintains it has not defaulted because it made
a required interest payment on one of its bonds due 2033, but a
judge in the U.S. district court in Manhattan blocked that
deposit in June, saying it violated an earlier ruling.
Argentina said in its application to the court that the
United States had "committed violations of Argentine sovereignty
and immunities and other related violations as a result of
judicial decisions adopted by U.S. tribunals."
Latin America's third-largest economy defaulted on about
$100 billion (£59.26 billion) on sovereign bonds in 2002. Most
holders of those bonds accepted less than 30 cents on the dollar
in the 2005 and 2010 restructurings. But a minority of holders
opted to sue in the U.S. courts for full repayment.
Washington lost a suit filed by Mexico at the international
court, which ruled in 2004 that the United States had violated
the rights of death row inmates by denying them the right to
consular legal representation.
(Reporting by Anthony Deutsch; Editing by Robin Pomeroy, Larry