Argentina inches towards repaying debt
Montreux Partners and EM settle; four creditors yet to agree on removing injunction
Two of the creditors involved in Argentina's debt saga have settled after the Latin American government submitted a proposal to the US federal court in New York on February 5.
Montreux Partners and EM will be paid $298.7 million and $849.2 million respectively, court documents filed by Michael Paskin, representing Argentina, explained.
Earlier in the month, Thomas Griesa – the US judge overseeing the litigation between Argentina and six bondholders – had ordered the creditors to establish why
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