Italian Bondholders Reach Preliminary Settlement Of ICSID Case With Argentina

(February 4, 2016, 8:56 AM EST) -- WASHINGTON, D.C. — A task force representing thousands of Italian bondholders and an Argentine ministry on Feb. 2 announced that they have reached a preliminary settlement for the payment of defaulted bonds, possibly ending an arbitration that was registered by the International Centre for Settlement of Investment Disputes in 2007 (Abaclat and others v. The Argentine Republic, No. ARB/07/05, ICSID).

Task Force Argentina (TFA), which represents the bondholders in an ICSID arbitration, and the Ministry of Treasury and Public Finance of Argentina said in a news...
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