Friday, August 8, 2014

US rejects to grant jurisdiction in The Hague over Argentine debt case

A US State Department spokeswoman today told Buenosairesherald.com that the US would not agree to grant jurisdiction in the International Court of Justice in The Hague, following Argentina's intention to sue the North American country in the world court over its sovereign debt dispute.

The spokeswoman said the world court is “not an appropriate venue” for the matter and that Argentina should negotiate with its creditors.

The US had to agree to grant the international court jurisdiction for the case to proceed.