The Argentine government submitted a letter to Judge Loretta Preska of the Southern District of New York announcing a settlement in principle with funds that held sovereign debt in default since the 2001 crisis.

A series of funds, known as holdouts, had purchased defaulted debt, intending to sue the country. They did not accept the restructurings offered in 2005 (under Néstor Kirchner’s presidency), 2010 (Cristina Kirchner), or 2016 (Mauricio Macri).

The funds that still hold defaulted debt are Attestor Master Value, Bainbridge Fund, Bison Bee LLC, Bybrook Capital Master, Trinity Investments, and White Hawthorne.

“After many years of litigation, our clients have reached........

© Buenos Aires Herald