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Argentina: Court Injunction Blocks Citibank Hedge Fund Transactions

2015-05-27 1 Dailymotion

The Argentine judiciary issued an injunction at the request of the Economy Ministry blocking Citibank from implementing any deal with hedge funds that would damage the national economy. The injunction will block the payment of locally issued bonds and require Citibank to abide by Argentine law and not agreements entered into by its home office with vulture funds. The court decision strengthens Argentina's defense of its national sovereignty against speculative movements by the vulture funds. Laureano Ponce reports from Buenos Aires. teleSUR

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