In October 2013, Aurelius attempted to force the government of Argentina to pay their full agreement of $1.3bn following the 2010 Argentinian default on debt.[3] Critics characterize Aurelius as a "vultures" for their position on Argentine debt.[4]
Aurelius has been involved in debt restructuring of Dubai World and Tribune Co; and, in October 2013, The Co-operative Bank.[3] Aurelius led a push to apply $54 billion of Petrobas bonds governed by U.S. law in the state of New York.[5]
In 2015, Aurelius bought large amounts of Ukraine's government debt before securing a preferential deal on its restructuring.[4] Aurelius Capital became a central litigant in Puerto Rican government-debt crisis, following the island’s 2017 filing to restructure $72 billion in obligations. Aurelius, which held approximately $468 million in Puerto Rican debt, challenged the constitutionality of the federally appointed oversight board created under the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA).[6][7] In February 2020, Aurelius was among the hedge funds involved in a revised restructuring deal covering $35 billion in general obligation bonds. The agreement, reached after court-ordered mediation, offered Aurelius and other bondholders a higher recovery rate and resolved disputes over the validity of post-2012 debt issuances.[8]
