Overview
- Funds represented by Quinn Emanuel lodged the March 13 claim in the courts of England and Wales, alleging Argentina failed to apply the court-ordered GDP calculation method.
- The expansion seeks roughly €1.58–€1.6 billion for euro-denominated warrants tied to the years 2017, 2021 and 2022, beyond the already adjudicated 2013 case.
- A separate UK judgment for the 2013 payment is final at about €1.6 billion with interest, of which only €300 million posted as security during appeals has been collected.
- Argentina’s Treasury Solicitor characterized the move as an extension of existing litigation and signaled no short-term resolution, while the government asked U.S. Judge Loretta Preska to dismiss a related lawsuit by funds led by Aurelius.
- With the new claim, total exposure on the euro warrants exceeds €3 billion, and interest on the 2013 award accrues at about 2 percentage points over Euribor according to the plaintiffs.