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LONDON, April 5 (Reuters) - Argentina lost a lawsuit at London's High Court on Wednesday over payments four hedge funds said were due on euro-denominated securities linked to Argentina's gross domestic product in 2013, the claimants' lawyer... | 05:23am
The case relates to payments due on euro-denominated securities linked to Argentina's gross domestic product in 2013
Argentina must compensate investors for losses in the country’s growth-linked securities after the nation changed the method of calculating gross domestic product, a London court ruled.
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Argentina faces a potential 1.33 billion-euro ($1.46 billion) bill after losing a lawsuit at London's High Court on Wednesday over payments due on euro-denominated securities linked to Argentina's gross domestic product in 2013.
Argentina must compensate investors for losses in its growth-linked securities after it changed the method of calculating gross domestic product.