na wer sagts denn.....Argentina loses appeal against Griesa’s Discovery orders.....//.... including military equipment and diplomatic properties -known as discovery-.

Tuesday, December 23, 2014

Argentina loses appeal against Griesa’s Discovery orders

The US Court of Appeals for the Second Circuit in Manhattan has rejected Argentina’s appeal against US Judge Thomas Griesa’s decision to allow holdout bondholders to subpoena Argentine banks for information on state assets, including military equipment and diplomatic properties -known as discovery-.

By rejecting the appeal, the tribunal has sustained Griesa’s September 2013 ruling that orders Argentine banks to comply with holdouts’ requests.

In the appeal hearing, which was held last Tuesday on the 17th floor of the Court’s building in Foley Square, Argentine lawyers argued that allowing the subpoenas to apply to non-US assets would violate Argentina’s sovereign immunity.