Latest development May 2026
Press reports said a settlement would need the approval of Argentina’s Congress.
The award
- Amount awarded
- About €1.33B
- Current estimate
- About $1.8B in total (Argentine press, February 2026)
- Award holder
- Palladian Partners, HBK Master Fund, Hirsch Group and Virtual Emerald, for all holders of the euro GDP warrants (XS0209139244)
- Respondent
- Argentine Republic
- Forum
- High Court in London (Commercial Court) · Court of Appeal [2024] EWCA Civ 139
Challenges
Final. The Court of Appeal dismissed Argentina’s appeal in 2024, and the UK Supreme Court refused permission to appeal on October 14, 2024.
Enforcement
Argentina posted about €310M as a condition of appeal. An English worldwide asset-disclosure order was reported in February 2026. United States: recognition proceedings in the D.D.C. (1:25-cv-01954), filed in June 2025, where Argentina moved to dismiss. Separate New York suits on the dollar GDP warrants have not reached judgment.
Recovered to date
Payout of the deposit not verified. About €1B is reported as still owed.
Notes
Partly secured by the deposit posted on appeal.