After losing a lower court decision requiring the government of Argentina to pay “holdout” bond holders money owed to them, the Argentine government is now indicating it might not abide by the US legal decision if it goes against them. Argentina would be a “fugitive from justice” “Argentina has put itself in the position of a fugitive from justice who eludes law enforcement authorities while seeking to press an appeal,” said a group of former US federal judges in an amicus brief. The group, which is unaffiliated with the case, includes former U.S. federal judges, including Michael Mukasey, who served…
Argentina May Ignore US Court Rulings Over Payment To Elliott Management
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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