U.S. Supreme Court to Consider If Creditors Can Pursue Argentina's Sovereign Assets

One of the cases that the U.S. Supreme Court granted certiorari on last week was the case of bondholders who are seeking repayment of the sovereign debt Argentina defaulted on, BBC reported. The court will decide if American law protects Argentinian sovereign assets from collection. Argentina defaulted on "some $100bn (worth £60.7bn in 2014) of debts and has since restructured its debt twice, cancelling around 75% of the nominal value of the bonds," BBC further reports.