Judge’s ruling puts hedge fund on the road to seizing more Argentine assets

U.S. District Judge Cam Ferenbach ruled that NML Capital Ltd. has a right to information from companies owned by Lazaro Báez

In the fight between Argentina and the U.S. hedge funds that hold the country’s debt, the South American country can’t seem to catch any breaks. And the latest development means that one hedge fund, NML Capital Ltd., has more ammo than ever before to seize assets from the bankrupt country.

U.S. District Judge Cam Ferenbach in Nevada has issued a ruling to help NML expose information about companies owned by an associate of Argentine President Cristina Kirchner, Argentine construction baron Lazaro Báez. NML hopes to seize assets held by Báez in order to cover its debts.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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