Lawyers representing Argentina's government have required the economy and finance ministry to prepare a document with the payment plan to holdout creditors, according to local paper La Nación.

The Wall Street Journal

Finance ministry required to draft payment plan to holdout creditors

 

Wednesday, December 5, 2012

 

Lawyers representing Argentina's government have required the economy and finance ministry to prepare a document with the payment plan to holdout creditors, according to local paper La Nación.

 

The document, which must be submitted to the New York second circuit court of appeals on December 28, must include the payment plan to a group of "holdouts," composed of hedge fund billionaire Paul Singer , hedge fund NML Capital and other investors, and the liability of third parties related to the payment recently ordered by the court.