Argentina must pay to bring appeal in hedge funds' London lawsuit

Argentina must pay nearly 310 million euros ($336 million) in escrow in order to bring an appeal after losing a lawsuit brought by four hedge funds over euro-denominated securities, a London court ruled on Thursday.

The South American republic was in January given permission to appeal against a 2023 ruling which left the country facing a 1.56 billion euro bill on condition Argentina paid the sum into court pending the outcome of the case.