How Argentina Settled a Billion-Dollar Debt Dispute With Hedge Funds
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Dan Pollack, the court-appointed mediator for a deal between Argentina and its debt holders, had a rule of no pens and paper during crucial negotiations. CreditSasha Maslov for The New York Times
The Waldorf Astoria hotel in Manhattan has long been a location for secret diplomacy, but few meetings there would have seemed as unlikely as the one that took place one day in early December.
In a hotel conference room, a top Argentine politician drank coffee with two hedge fund executives — a meeting that was nothing short of remarkable after more than a decade of bitter legal skirmishes between Argentina and a group of disgruntled debt holders who at one point seized an Argentine Navy ship. The previous Buenos Aires government reviled the hedge funds as “vultures.”…
How Argentina Settled a Billion-Dollar Debt Dispute With Hedge Funds
