A statement issued by the International Court of Justice, the UN's highest court for disputes between nations, said the request had been "transmitted to the US Government. However, no action will be taken in the proceedings unless and until" Washington accepts the court's jurisdiction.

Thursday, August 7, 2014

Argentina seeks proceeding against the US in The Hague over debt battle

Argentina has asked the world court in The Hague to launch proceedings against the United States over Argentine sovereign debt, the latest move in the South American country's long-standing dispute with holdout creditors.

A statement issued by the International Court of Justice, the UN's highest court for disputes between nations, said the request had been "transmitted to the US Government. However, no action will be taken in the proceedings unless and until" Washington accepts the court's jurisdiction.

Argentina said in its application to the court that the United States had "committed violations of Argentine sovereignty and immunities and other related violations as a result of judicial decisions adopted by US tribunals."