Translation: It looks like my sugar daddy is getting his 1,600% payout, so I don't see why Argentina's legitimate bondholders (the 92.4% whose payments were illegally blocked) can't start collecting again.
But the article neglects to mention
that Greasa made lifting this injunction contingent on having the Argentine Congress pass two very outrageous bills:
*One that accommodates holdouts by paying out $4.65 billion to 6 money laundries that, all together, spent around $300 million on bonds that today worth at most $1 billion (which is all they're really entitled to). The payout even includes $200 million in legal fees.
*And another that eliminates the National Bank of Argentina as a paying agent to bondholders - which, along with Paris, has been the only venue by which many legitimate bondholders have been able to collect since Greasa's blocks came into effect in July 2014.
This second point is particularly important because Greasa has made New York a completely unreliable venue in which to issue and service sovereign bonds (which is why so much of the global bond market has migrated to London, Paris, and Frankfurt since 2014).