On Monday, the Buenos Aires, Argentina stock exchange suspended Argentine steel company Siderar from trading on the exchange after Siderar said last Friday that it intends to pay a US$367 million dividend to its shareholders.
The dividend was decided upon during a mid-April shareholders meeting that a court in Argentina later declared void-still, the steelmaker insisted that it would progress with its plans to pay the dividend.
However, by Thursday, a judge in Argentina blocked the payment, which heightens tensions between Siderar and the Argentine government as the government attempts to gain a higher presence in the company.