London court upholds Greece's GDP-linked warrants buyback price
Updated
Updated · Bloomberg · May 6
London court upholds Greece's GDP-linked warrants buyback price
8 articles · Updated · Bloomberg · May 6
The ruling on Wednesday ends a long-running dispute after Greece asked the London court to decide challenges from trustee Wilmington Trust and a group of creditors.
Creditors had argued the government paid below market value when it repurchased the warrants last year, unfairly shortchanging investors.
The decision backs Greece's calculation method for the debt repurchase and resolves a key legal challenge over the transaction.
Greece saved millions on a debt buyback investors called unfair. Where is the line between shrewd policy and a raw deal?
A London court had lawyers argue their opponent's case. Is this a new blueprint for high-stakes financial disputes?
Argentina and Ukraine also face disputes over GDP-linked debt. Are these innovative financial tools too complex and risky to work?