The NY Court of Appeals Granted the Vulture Funds Request of Information on Argentine Assets

LATIN AMERICA AND THE CARIBBEAN, 29 Dec 2014

Télam - Agencia Nacional de Noticias de la República Argentina – TRANSCEND Media Service

28 Dec 2014 – The New York Second Circuit Court of Appeals confirmed Judge Thomas Griesa’s ruling, which had granted to vulture funds their request of seeking official information (discovery) on Argentine assets in the United States, as part of their litigation against the Argentine Republic.

Nevertheless, the Court magistrates recommended Griesa “to take carefully into account the sovereign interests of Argentina regarding the discoveries and to give priority to disclose documents that do not affect the sovereign dignity”.

Argentine Central Bank lawyers had appealed Griesa´s ruling, issued on Sept. 2013, claiming that it was out of the judge´s legal jurisdiction and also reminding that as a sovereign State, Argentina enjoys the immunity recognized by the Vienna Convention and also the U.S. legislation, as the Sovereign Immunity Act (FSIA).

"Enough vultures - Argentina united around a national cause," reads the poster displayed in Buenos Aires

“Enough vultures – Argentina united around a national cause,” reads the poster displayed in Buenos Aires

Go to Original – telam.com.ar

 

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