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Source: The Wall Street Journal
By: Taos Turner
Argentina's Finance Ministry confirmed that they will make an offer to the U.S. hedge funds to settle the current legal battle that caused the country to be excluded in global credits market. The Argentine government stated that they are committed to settle the dispute during the last week of January.
As reported by Morning Star, the plan to make an offer came after a meeting last Wednesday where Argentina resumed talks with the U.S. hedge funds. The meeting was held at the office of Judge Thomas Griesa's appointed mediator, Daniel Pollack.
The said meeting was attended by the representatives of U.S. hedge funds including Elliot Management Corp., which is headed by Paul Singer, as well as thee Aurelius Capital Management LP who sued Argentina in US Courts.
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