Overview
- Argentina and hedge funds Attestor Master Value and Bainbridge Fund notified the SDNY on March 11 that they reached an agreement in principle to resolve their long-running default-era claims.
- The joint filing requests a suspension of the case while terms are finalized, including a pause of Bainbridge’s October 17, 2025 motion seeking turnover of state shareholdings in Banco Nación and Aerolíneas Argentinas.
- Specialist reports indicate the understanding contemplates an internal division of Brady-bond collateral held at the Federal Reserve, though specific terms were not disclosed in the court notice.
- The creditors hold final U.S. judgments totaling more than $500 million, with roughly $460 million tied to Attestor and about $95 million plus interest to Bainbridge.
- The letter does not address a separate Bainbridge move involving YPF shares, and the parties said they will update the court on the status of talks and any need to resume proceedings.