Argentina Passes Law To Circumvent US Control

It’s official. The Argentine government has voted to do what it had pledged not to do and passed legislation to defy a U.S. court ruling on its debt payments. Argentina’s law on avoiding U.S. jurisdiction After debate on the issue that pushed late into the night, the measure to make payment on its foreign-owned bonds in a local bank or elsewhere outside U.S. legal jurisdiction passed by a 134-99 margin. After passing the Senate earlier in the week, the measure will be presented to Argentina’s president, Cristina Fernandez, for her signature. However, like Argentina’s recent victory in a United Nations resolution,…