Elliott extends fight to China

摘要

A unit of billionaire Paul Singer's Elliott Management, which is argentina's main holdout creditor, is extending its legal fight with the South American nation to China. NML Capital served subpoenas this week to Bank of China and Industrial and Commercial Bank of China in an effort to obtain information on US$6.8bn in financing for deals signed by the two countries in July. "We want to understand the mechanics of these credit facilities to establish whether assets to which Argentina has a legal title could surface in jurisdictions where we would be able to attach them," a lawyer advising Elliott told IFR last Thursday.