US signals it won't agree to world court jurisdiction in Argentina suit over forced default

Associated Press

An attempt by Argentina to sue the U.S. in the world court appears unlikely to get off the ground.

Argentina had sought to bring the case to the International Court of Justice in the Hague after a series of rulings in U.S. courts forced the South American country into a default on its sovereign debt.

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The U.S. would have to agree to grant the international court jurisdiction for the case to proceed. A State Department spokesperson signaled Friday that the U.S. would not do so.

The spokesperson said the world court is "not an appropriate venue" for the matter and that Argentina should negotiate with its creditors. The spokesperson asked to not be identified in line with department policy.

A dispute with U.S. based creditors triggered the July 30 default.