Sunday, August 10, 2014

US Refuses To Recognize UN Court Jurisdiction On Argentina’s Debt


Reuters / Michael Kooren

Washington has refused to allow the UN International Court of Justice (IJC) to hear Argentina’s claims that US court decisions on the country’s debt have violated Argentina's sovereignty, according to reports monitored by RT.

“We do not view the ICJ as an appropriate venue for addressing Argentina’s debt issues, and we continue to urge Argentina to engage with its creditors to resolve remaining issues with bondholders,” the US State Department told Reuters in an email.

The State Department sent an email with the same content to one of Argentina’s leading newspapers, the Clarin.

Argentina complained against Washington's decisions on its debt to the International Court of Justice in The Hague on Thursday.

But according to existing norms, Buenos Aires needs Washington to voluntarily accept the ICJ’s jurisdiction for the proceedings to begin.
The US withdrew from compulsory jurisdiction back in 1986 after the UN court ruled that America’s covert war against Nicaragua was in violation of international law.

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