US court clears Argentina to pay hedge funds in debt battle

1 min

New York (AFP)

A US federal appeals court on Wednesday cleared Argentina to make payments on its debt, paving the way for the country to settle its long battle over bonds defaulted in 2001.

A three-judge panel rejected an appeal from some holdout creditors of a March ruling that removed injunctions blocking the payments. Argentina will thus be able to follow through on settlement deals with other holdouts over some $9 billion in claims.