Sri Lanka has asked a US judge to throw out a lawsuit over the South Asian country s debt default, saying the case brought by one bank is an “apparent attempt to gain leverage over a nation in crisis and jump ahead of other foreign creditors,” according to Bloomberg. MORE..
Sunday, September 25, 2022
Sri Lanka asks US court to dismiss bondholder suit over default
Sri Lanka has asked a US judge to throw out a lawsuit over the South Asian country s debt default, saying the case brought by one bank is an “apparent attempt to gain leverage over a nation in crisis and jump ahead of other foreign creditors,” according to Bloomberg. MORE..
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