Argentina sics ex-solicitor general on hedge fund
Former Solicitor General Paul Clement has been hired by Argentina to press its case against Paul Singer’s Elliott Management, according to Argentine press reports.
Earlier this month, the US Supreme Court denied Argentina’s first request to review an appeals-court decision that could force the South American country to pay $1.3 billion to certain creditors including Elliott.
Clement, who worked in the Bush administration between 2004 and 2008, is expected to help Argentina present its second petition to the Supreme Court to review its appeal.
“The perception is that his experience may … increase the chances of the [Supreme Court] asking the current Solicitor General for an opinion and [improve] the chances that the case is subsequently taken up by the court,” said JPMorgan analyst Vladimir Werning.
Clement — whose hiring was reported by Telam, Argentina’s state- run news agency — did not return a call for comment.
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