Argentina’s attorneys in New York will make a formal presentation to U.S. District Court Judge Thomas Griesa to seek fair negotiation terms with holdout creditors, Cabinet Chief Jorge Capitanich said.
“We’re seeking fair and equal terms for talks,” Capitanich said today in Buenos Aires during his daily press conference. “The formal presentation to be made by our lawyers will be made public by Economy Minister Axel Kicillof.”
President Cristina Fernandez de Kirchner said June 20 that her government will seek a negotiated solution to its conflict with holdout creditors. The decade-long litigation led by billionaire hedge fund manager Paul Singer’s NML Capital Ltd. has increased the risk of driving Argentina into default again as a U.S. court ruling ordering the nation to pay holdouts at the same time it services its restructured debt goes into effect ahead of June 30 interest payments.
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