The Business Insider and Yahoo! Finance recently published an article discussing Argentina’s President Cristina Fernández de Kirchner’s attempt to pass a law nullifying a U.S. Court’s ruling that the country pay all creditors.

The article reports that if Argentina passes the president’s proposed law through Congress, negotiations regarding the hedge funds to which the country owes over $1.3 billion in sovereign debt could be impossible.

"So every government can just wave a magic wand and make their problems go away? [If that were the case] everyone would be doing it," Buchanan Ingersoll & Rooney Public Finance Shareholder David J. Fernandez told the publication. "They're not fixing a problem; they're actually deflecting the issue." 

Read the article in the Business Insider – “Argentina is Going Rogue” (The Business Insider, August 20, 2014)