Top news of the week: Even when president Jose Mujica insists it won’t all be party-time, Uruguay is now the first country to legalize the production and mass distribution of marijuana.
Argentina appeals New York Judge Griesa’s order regarding banks’ disclosures
The Argentine government yesterday appealed an order by US Judge Thomas Griesa who asked some private banks to turn over information about Argentina’s assets abroad. The case had been started by hedge fund Elliott Management Corp’s NML Capital Ltd which is demanding in court full 100% payment of Argentine sovereign bonds face value.
Argentina Rivals Square Off
The important question isn’t whether the ruling Peronist movement will win, but which of its dueling factions will gain the upper hand in the run-up to presidential elections in 2015.
Rights Activist Slain in Colombia
Dominicans of Haitian Descent Cast Into Legal Limbo by Court
Racketeering aside, the case also looks rather weak on its own merits. For starters, Texaco operated as a minority partner under state-owned Petroecuador when the pollution occurred, so it is difficult to argue the damage is all its doing. Through agreements in 1995 and 1998, the Ecuadorian government also freed the company of further liability following a $40 million cleanup. An arbitration panel in The Hague cited the government’s sign-off when it ruled last month that Ecuador’s lawsuit should have never proceeded in the first place.
Paco Almaraz is having Obama burnout (in Spanish),
TRINIDAD & TOBAGO
Gangs Are the New Law in Urban Trinidad & Tobago
The week’s posts and podcast:
Bolivia: What the “Bolivarian revolution” means, in practice
Special thanks to the Rotary Club of Princeton:
— Fausta (@Fausta) October 22, 2013