Argentina Threatens To Sue Banks Helping Falklands Oil Explorers As Trade War With Britain Escalates -- The TelegraphA group of British and American banks have been threatened with legal action by the Argentine government for advising and writing research reports about companies involved in the Falkland Islands’ £1.6bn oil industry.
In what amounts to the start of a new trade war between the UK and Argentina, the banks - understood to include the Royal Bank of Scotland, Barclays Capital and Goldman Sachs - have been warned they face criminal and civil action in the Argentine courts.
The threats were made in a series of letters sent to as many as 15 banks by the Argentine embassy in London over the last ten days.
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My Comment: These legal actions will not succeed .... Argentine President Cristina Kirchner is playing to her own domestic audience.
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