The Government of Javier Milei
will have to pay about US$337 million
to be able to appeal an adverse ruling for the manipulation of Indec data in the Kirchnerist era, during 2007 and 2015.
The bail will be paid in a court in Great Britain and is for the trial against the country for the manipulation of economic growth data during Kirchnerism.
As reported by Bloomberg and expert Sebastián Maril;
"The total sentence is about US$1.5 billion."
The plaintiffs are represented by the law firm Quinn Emanuel Urquhart & Sullivan, which has among its partners Dennis Hranitzky, the lawyer who seized the Frigate Libertad in 2012.
This morning, Maril wrote on
the London"
Through
Decree 277/2024, published this Monday in the Official Gazette,
the Executive Branch approved the model trust agreement called “RofA Special Trust 2024” (in English) or “Special Trust of the Argentine Republic – 2024”;
the model Standby Letter of Credit or “Standby Letter of Credit” to be granted in favor of the Trustee of the Negotiable Securities;
and the Letter of Credit Facility Agreement model.
The London Court of Appeal determined that the State must pay this bond
before April 5
in a trust account if it wants to continue with the trial that is processed by the method of calculating a series of debt bonds, known as “GDP coupons.” ”.
What does the official decree say?
In the decree published this morning in the Official Gazette, the Executive Branch authorized “as appropriate, the extension of jurisdiction in favor of the state and federal courts located in the city of New York - United States of America and the waiver of opposing the defense of sovereign immunity, exclusively, with respect to the jurisdiction that is extended, in the contracts that are signed within the framework of this decree."
Furthermore, it was clarified: “
The Argentine Republic does not waive any immunity with respect to the execution of sentences arising from the extension of jurisdiction clauses
, including with respect to the assets detailed below:
a) Any property, reserve or account of the CENTRAL BANK OF THE ARGENTINE REPUBLIC;
b) Any property belonging to the public domain located in the territory of the ARGENTINE REPUBLIC, including those included in articles 234 and 235 of the Civil and Commercial Code of the Nation;
c) Any property belonging to the private domain of the State, in accordance with article 236 of the Civil and Commercial Code of the Nation;
d) Any asset (whether in the form of cash, bank deposits, securities, third party obligations or any other means of payment) of the ARGENTINE REPUBLIC, its government agencies and other government entities related to the execution of the budget, within the scope of Articles 165 to 170 of Law No. 11,672 Permanent Supplementary Budget (to 2014);
e) Any property covered by the privileges and immunities of the Vienna Convention on Diplomatic Relations of 1961 and the Vienna Convention on Consular Relations of 1963, including, but not limited to, property, establishments and accounts of Argentine missions;
f) Any property used by a diplomatic, governmental or consular mission of the ARGENTINE REPUBLIC;
g) Taxes and/or royalties owed to the ARGENTINE REPUBLIC and the rights of the ARGENTINE REPUBLIC to collect taxes and/or royalties;
h) Any asset of a military nature or under the control of a military authority or defense agency of the ARGENTINE REPUBLIC;
i) Any good that is part of the cultural heritage of the ARGENTINE REPUBLIC;
and
j) Assets protected by any applicable sovereign immunity law.”
S.N.