Court records or official announcements

Argentina Loses UK Court Appeal Over $1.5 Billion (EUR 1.33 Billion) Payment to Hedge Funds

Jun 12, 2024, 12:47 PM

Argentina has lost its appeal in a UK court regarding a $1.5 billion (EUR 1.33 billion) payment to hedge funds. The case involves compensation for investors who suffered losses due to the country's growth-linked securities. This decision follows allegations of GDP number manipulation during Cristina Kirchner's government. The total damages related to these decisions are reportedly over $50 billion, with the recent ruling being in the second instance of the trial, adding to the Kicinómetro.