ATFA Launches Ad Campaign, Highlights Argentina's Contempt for U.S. Courts

Educational appeal portrays Argentina's defiance of U.S. legal system

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Mar 26, 2014, 08:02 ET

WASHINGTON, March 26, 2014 /PRNewswire-USNewswire/ -- Today, the America Task Force Argentina (ATFA) placed a full-page ad in Politico, Roll Call, The Hill and National Journal exposing Argentina's ongoing, massive violations of U.S. and international law. The ad specifically depicts the February 2013 incident in which Argentina told a panel of U.S. Court of Appeals judges that it would disregard orders from that court. The courtroom exchange was captured on video and is available at www.atfa.org.

ATFA Ad. (PRNewsFoto/American Task Force Argentina) (PRNewsFoto/AMERICAN TASK FORCE ARGENTINA)

"These ATFA ads will appeal to all Americans. Argentina's continual violation of U.S. laws and defiance of U.S. judges does not go over well with the American people," said ATFA Director Robert Raben. "Argentina has consistently defied over 100 U.S. court judgments, despite having waived its sovereign immunity and its prior agreement to submit to the U.S. court system when it issued bonds under New York law. Make no mistake: Argentina has never offered to negotiate a fair settlement. Its defiance of the U.S. legal system now threatens to undermine New York as a global financial center."

ATFA's ad coincides with intense scrutiny of Argentina on Capitol Hill. Several Members of the U.S. Congress have recently expressed concern about Argentina's treatment of the U.S. judicial system. In response to these concerns, Secretary of State John Kerry stated on March 12 that the State Department would not side with Argentina in its legal disputes and urged Argentina to repay its debts to the U.S. government and to engage with creditors, both public and private.

More Information

The American Task Force Argentina (ATFA) is an alliance of organizations united for a just and fair reconciliation of the Argentine government's 2001 debt default and subsequent restructuring. Our members work with lawmakers, the media, and other interested parties to encourage the United States government to vigorously pursue a negotiated settlement with the Argentine government in the interests of American stakeholders.

ATFA is led by Executive Director Robert Raben, a former Assistant Attorney General at the U.S. Department of Justice, and co-chaired by The Honorable Robert J. Shapiro, former Under Secretary of Commerce for Economic Affairs in the Clinton Administration, and Ambassador Nancy Soderberg, Ambassador at the U.S. Mission to the United Nations in New York from 1997 to 2001. For additional information on ATFA's activities, please visit www.atfa.org, or contact [email protected] or +1-888-662-2382.

Video - http://www.youtube.com/watch?v=FkIoZlXFJ-Y
Photo - http://photos.prnewswire.com/prnh/20140326/DC91823

SOURCE American Task Force Argentina