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Fri Feb 13, 2015, 06:30 PM

The British judiciary ordered the release of Argentine funds held by Griesa

Source: TÚlam

Published February 13, 2015

British judge Guy Newery ordered the release of 226 million euros of Argentine debts under European law, withheld by New York judge Thomas Griesa.

The ruling accepted the request made by George Soros and Perry Capital.

The 226 million euros were deposited in June last year by the Argentine Government in the Bank of New York Mellon, that following Griesa's order, withheld the payment.

Read more: http://www.telam.com.ar/english/notas/201502/4337-the-british-judiciary-ordered-the-release-of-funds-held-by-griesa.html

Good news for Argentina and its bondholders: vulture funds can now only hold bondholders' payments hostage in lawless (bribed?) Wall Street courts.

Argentina's been paying its bondholders religiously for 10 years; no one has a right to intercept their payments. Least of all vulture funds, many of which are Caribbean laundries that should have no access to U.S. courts - but plenty of access to U.S. jails.

They are also - no surprise - huge contributors to GOP slush funds.

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Reply The British judiciary ordered the release of Argentine funds held by Griesa (Original post)
forest444 Feb 2015 OP
bemildred Feb 2015 #1

Response to forest444 (Original post)

Sat Feb 14, 2015, 09:30 AM

1. Dueling judges. Not a pretty picture.

We'll see if they get the money or not.

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