Argentina obtained a significant victory in the United States justice system regarding its external debt trial. A US judge ruled in favor of Argentina in the case of the coupon tied to GDP, which was worth an impressive US$1,400 million.
This ruling comes as a relief for Argentina as it has been embroiled in a long legal battle with vulture funds over its debt repayment. The lawsuit was initiated by these funds, but the ruling has now gone in favor of Argentina.
This victory is a positive development for Argentina, as it continues to navigate its way through economic challenges and strives to stabilize its economy. The ruling in New York is a step in the right direction for the country as it works towards resolving its debt issues.
Argentina’s success in this case highlights its commitment to addressing its debt obligations and finding solutions to its financial challenges. The ruling will provide some much-needed relief for the country as it seeks to move forward and strengthen its economy.
Overall, Argentina’s victory in the external debt trial is a significant win for the country and a positive development in its ongoing efforts to address its debt issues.