Argentina Requests Relief From Burford’s Intent to Seize Assets

Argentina has asked a Manhattan court to stop Burford Capital from immediately trying to seize its foreign assets as the hedge fund seeks to collect on billions of dollars that a judge ruled it is owed by the South American country.

In a filing on Monday to US District Judge Loretta Preska Argentina opposed Burford’s intention to start the process to seize assets straight after Jan. 10, calling the timing “unnecessary and premature.” In several other cases, the country’s lawyers wrote, “courts have found much longer periods to be ‘reasonable.’” Preska, who is expected to rule on the timing of ...