# Buenos Aires debt litigation and refinancing efforts > Live situation record from CLSTR: https://clstr.news/situations/buenos-aires-debt-litigation-and-refinancing-efforts > Updated: 2026-08-09T00:34:01.000Z. Sources: 3. Developments: 2. The Province of Buenos Aires is facing legal and legislative developments regarding debt management. In July 2026, the German investment firm Daniels Invest GmbH filed a lawsuit in the Southern District of New York seeking repayment of €2.5 million and US$866,000. The firm is acting as a “holdout” creditor, claiming that two series of bonds issued during the 2016–2017 tenure of former Governor María Eugenia Vidal were excluded from the province’s 2021 debt restructuring. In August 2026, legislative action was introduced to address domestic debt. Senator Marcelo Leguizamón proposed a bill in the Buenos Aires Legislature to create an extraordinary regime for the regularization and refinancing of debts held with the Banco de la Provincia de Buenos Aires. The proposal targets individuals with unpaid obligations of 90 days or more, provided their household net income does not exceed 10 Minimum Living and Mobile Wages. The plan includes potential grace periods and the forgiveness of punitive interest, though the principal amounts would remain due. ## Timeline ### 2026-08-09: Buenos Aires Legislature proposes debt refinancing for Banco Provincia A new bill in the Buenos Aires Legislature proposes a debt refinancing regime for Banco Provincia clients to prevent financial hardship for families. 2 sources. https://clstr.news/cluster/buenos-aires-legislature-proposes-debt-refinancing-for-banco-provincia ### 2026-07-23: Province of Buenos Aires sued in New York by German fund over excluded debt German fund Daniels Invest sues the Province of Buenos Aires in New York, seeking €2.5 M and $866 k for bonds excluded from the 2021 debt restructuring. 4 sources. https://clstr.news/cluster/province-of-buenos-aires-sued-in-new-york-by-german-fund-over-excluded-debt --- Cite as: Buenos Aires debt litigation and refinancing efforts. CLSTR, https://clstr.news/situations/buenos-aires-debt-litigation-and-refinancing-efforts