Judge Griesa refused to suspend payment under Argentina law

Judge Griesa refused to suspend payment under Argentina law -

The judge in New York Thomas Griesa , rejected the request for "stay" by the Citibank to order that prohibits the bank to pay maturing bonds under Argentina law until a higher court rules on the appeal filed against the order issued by the judge last week suspended.
"Having considered all the arguments and having also considered all relevant factors to obtain a `stay' (injunction), the court does not believe a` stay' is justified, "said the judge southern district of New York.
" therefore, the order of Citibank for an injunction is denied, "he added the text.
This decision comes four days after Griesa denied the request of the bank to release definitively bonus payments in dollars under Argentina law, and who have maturing on 31 March.
Citibank said then that he would appeal the decision taken that day by Griesa and, at the same time, seek the suspension of the injunction while the appeal is resolved .

Source: Telam

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