WSJ – Argentina’s dispute with creditors took a twist as a U.S. hedge fund in search of defaulted debt is seeking to seize assets allegedly owned by a close associate of Argentine President Cristina Kirchner and her late husband and predecessor Néstor Kirchner.
The move is the latest legal long shot launched by NML Capital Ltd., founded by U.S. billionaire Paul Singer, as it chases Argentine assets across the globe in its battle over the government’s 2001 sovereign-debt default on almost $100 billion. NML has tried to have courts seize the presidential plane Tango 01 in 2007 and to embargo a navy training vessel that docked in Ghana in 2012. It recently filed suit in California to block Argentina from launching a pair of satellites into space.
