Canada’s Scotiabank is demanding $600 million in compensation from Argentina in a suit filed under the United Nations Commission on International Trade Law. Scotiabank claims government policies in the 2001-2002 financial crisis forced it to close its subsidiary Scotiabank Quilmes, later sold to local investors. Scotiabank’s claim for arbitration is one more than 100 pending against Argentina.
Category: Argentina
Flavor of the Month
Argentina is coming in from the cold and investment is trickling back into the country. That still won’t help the government’s angry bondholders much.
The Struggle Must Go On
Argentina is booming again after years of decline. But it needs to attract foreign investment to keep the economy growing. And that will require a deal with bondholders and the International Monetary Fund.
Time to Talk, Seriously
The G-7 finance ministers have told Argentina to negotiate with creditors or risk losing further IMF support.
Putting Thought Into Action
Adam Lerrick is an academic who has cooked up ingenious solutions to financial problems and tested the ideas in real life – such as devising a way to unify Argentina’s bondholders to defend their rights.
A Survivor’s Tale
Ricardo Handley personifies the wheeling and dealing that characterized Argentina in the 1990s. Now, after years in obscurity, he is back in the public eye.
