Argentina reopened negotiations with so-called holdout investors in New York last week, bringing in a new team that includes sovereign restructuring expert Lee Buchheit as its seeks to quickly resolve a decade-long legal battle that has locked it out of the international capital markets. Markets have cheered the fresh approach being taken by the newly elected president, Mauricio Macri, as he sweeps aside some of the less market-friendly policies of his predecessor in an effort to put the economy back on track and regain access to foreign-currency funding.
展开▼
