Argentina’s incoming secretary of finance met this week with the arbiter of a bitter decade-long legal dispute between the country and a group of New York hedge funds, opening a new path toward a potential resolution, the New York Times DealBook blog reported yesterday. Luis Caputo, a former banker and soon to be the finance secretary, traveled to New York to meet with Daniel A. Pollack, a court-appointed special master who has been tasked with mediating negotiations, according to a statement from Pollack’s office. The meeting was sought by Caputo, who will begin his new role today. It follows a meeting between the group of creditors, led by the billionaire Paul E. Singer, and Pollack last week. The creditors sued Argentina seeking repayment on bonds the government defaulted on in 2001. The departing administration of President Cristina Fernández de Kirchner has balked at the creditors’ demands. While no negotiations to resolve litigation occurred in either meeting, Caputo expressed the intention of the new administration under President-elect Mauricio Macri to begin negotiations promptly once the new government is sworn in, according to the statement.
