Argentina asks US appeals court to reverse Griesa's contempt ruling

Argentina asked the federal appeals court in New York to reverse Judge Thomas Griesa's ruling which said Argentina was in civil contempt of his orders for working on a plan to shift control over payments of its restructured debt to Buenos Aires, according to a court filing yesterday and reported by international news agencies today.

US District Judge Thomas P. Griesa in September cited Republic officials for wrongly trying to replace Bank of New York Mellon with Nacion Fideicomisos SA as indenture trustee.

Griesa found Argentina in contempt of court in a dispute with holders of more than $1.5 billion in defaulted Argentine bonds. Griesa is overseeing lawsuits over bonds Argentina repudiated in 2001.

Griesa yesterday expanded the power of his Special Master Daniel A. Pollack to take on additional cases in conducting settlement negotiations with plaintiffs and Argentina. Pollack, chosen as mediator in June, is managing partner of the law firm McCarter & English in New York.
 [buenosairesherald.com]
4/11/14
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