wer sich mit Kündigungsgedanken trägt, sollte die Indenture durcharbeiten....

Argentina may well be in default already, since creditors in Europe and Japan did not get paid at the end of their business day. However ... Argentina's debt contracts say that default happens if creditors do not get their money 30 days after the payment date (June 30 for the Discount Bonds). They do not say anything about the time of day. Therefore, one might argue that Argentina has until 11:59 pm in New York, or at least until 5 pm in New York. Why not London or Brussels, especially for bonds governed by English law and paid in Brussels? Beats me. Why not close of business for the relevant payment systems? Maybe because in theory, Argentina can deliver a check or cash on the barrell at 11:59 pm. Too late for Tokyo in any event.