The British Supreme Court has rejected Argentina’s request to appeal the US$1.75 billion lawsuit it lost against four hedge funds over securities linked to Argentina’s 2013 gross domestic product.
Monday’s ruling means Argentina has exhausted its options for appealing the case. The creditors have already claimed the US$337 million the country was made to pay as collateral to be given permission to appeal.
The government is analyzing their next steps, a source at the Treasury Prosecutor’s Office told the Herald.
Aidan O’Rourke, partner at Quinn Emanuel law firm acting for the claimants, said in a statement that “the claimants have always been confident in their case, and are pleased with the Supreme Court’s decision to refuse permission to appeal.”
He added: “Argentina has repeatedly said to the Court that, if a final decision is made in favor of the warrant holders, […] the money to pay its creditors will need to be found. That time has now come,” O’Rourke added.
President Javier Milei........