“The judge Griesa overstepped”

February 2, 2013
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The presentation, held in the late hours of yesterday by lawyers representing the country, argues that the judge Griesa exceeded his powers to make that decision because in the name of “equal treatment” can not deprive bondholders exchanged the benefits obtained through the debt restructuring process carried out by Argentina.

The paper submitted by Argentina is part of the schedule of presentations prepared by the Court prior to the final hearing scheduled for February 27 next to be held in New York, under the lawsuit filed against the country by vulture funds NML and Aurelius.

For the Argentine government, the Court of Appeals took a cautious behavior in the initial intervention after Griesa ruling taken in November, when the judge asked for an explanation of the effects it could have on others the decision to recognize the claim payment of the debt raised by vulture funds and the meaning attributed to “pro rata payment” in its judgment.