Brazil, France, Mexico Team Up With Argentina In Battle With Elliott

As default of sovereign debt becomes a growing realistic possibility among numerous nations, establishing legal precedent in Elliott Management’s fight with Argentina appears to be a more pressing concern of fellow sovereigns.  Three sovereign governments – France, Brazil and Mexico – will file amicus curiae briefs with the U.S. Supreme Court supporting Argentina’s appeal of a lower court decision, according to a report in Fin Alternatives. The dispute between the government of Argentina and Elliott dates back to the country’s 2001 default on $80 billion in privately held debt. In 2005, several years after the default, the Argentina government offered…