Un juicio justo para la deuda soberana

NUEVA YORK – En julio pasado, cuando el juez federal de Estados Unidos Thomas Griesa dictaminó que Argentina tenía que pagar el total, sin ningún descuento, a los llamados fondos buitres, que habían comprado su deuda soberana a precios extremadamente bajos, el país se vio obligado a suspender sus pagos, es decir a entrar en una “moratoria a la Griesa. La decisión tuvo repercusiones a lo largo y ancho, afectando a los bonos emitidos en distintas jurisdicciones, lo que sugiere que los tribunales estadounidenses tuviesen dominio sobre contratos celebrados en otros países.

Desde aquel momento, abogados y economistas han tratado de desentrañar las desconcertantes implicaciones de la decisión de Griesa. ¿Se extiende realmente la autoridad de los tribunales de Estados Unidos más allá de las fronteras estadounidenses?

Ahora, un tribunal del Reino Unido por fin ha arrojado algo de luz sobre este problema, dicho tribunal dictaminó que los pagos de intereses que debe realizar la Argentina sobre los bonos emitidos de conformidad con la legislación del Reino Unido se encuentran bajo la autoridad de la legislación británica, y no bajo la autoridad de las resoluciones judiciales estadounidenses. La decisión – un bienvenido descanso de una serie de decisiones de jueces estadounidenses que no parecen entender las complejidades de los mercados financieros mundiales – transmite algunos mensajes importantes.

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