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ARTICLE · 06 AUGUST 2014

Solutions For Argentine Bondholders Following Argentina’s Default Yesterday

Withers LLP
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A group of creditors – so called 'vulture funds' – are owed over $1.3billion worth of debt, dating back a decade since Argentina's 2001 default.

ArgentinaInsolvency/Bankruptcy/Re-Structuring
Peter Wood
Peter Wood
Sergio Anania
Sergio Anania
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Following last minute talks in New York, as of yesterday Argentina is in default on its debt. A group of creditors – so called 'vulture funds' – are owed over $1.3billion worth of debt, dating back a decade since Argentina's 2001 default. Standard and Poor have cut the country's rating to 'selective default' meaning Argentina has chosen to default on some of its payments.

Joining forces with Garrido Law, Withers has established an alliance of law firms globally to advise any investor who may be affected by this situation. Joining forces with Garrido Law to create The Argentina Bondholders Legal Advisory Team ('ABLAT'), we have brought together local expertise in Argentina, the US and Europe to provide legal advice to the holders of Argentine sovereign and sub-sovereign debt.

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