Overview
- Petersen and Eton Park, financed by Burford Capital, filed a request with Judge Loretta Preska seeking the location, accounts, and recent movements of the Banco Central’s gold reserves.
- The funds allege Argentina obstructed discovery by sending an unprepared designee and they seek sanctions including a sworn declaration, a probative hearing with knowledgeable officials, and payment of legal fees.
- The filing signals potential testimony from senior officials if needed, with the creditors naming Economy Minister Luis Caputo as a possible witness regarding the gold’s whereabouts.
- Argentina’s Treasury Solicitor’s Office says it has complied with discovery, rejects any sanctions or contempt request, and plans a written response to the court on Monday.
- The push to trace gold assets—described by the creditors as exceeding $1 billion—cites a December Argentine appellate order for the central bank to report on gold movements, while any execution bid still hinges on appeals and central-bank immunity questions.