Jilted Argentina bondholders appeal to World Bank in final throw of the dice

Creditors holding $20 billion in defaulted Argentina bonds are taking their case to the World Bank in an effort to force the sovereign to pay up, or at least return to the negotiating table

It's been called the longest train wreck in history. Five years on from Argentina's slow, apparent-to-all economic collapse that culminated in its record default on $95 billion of debt in December 2001, and the litigation battle stemming from that singular event continues to drag on.

Since the Argentine government forced through an exchange offer worth about 30 cents on the dollar last year, the fate of 'hold-out' investors with more than $20 billion in defaulted paper has remained unresolved