Showing posts with label fondos buitre. Show all posts
Showing posts with label fondos buitre. Show all posts

Thursday, March 3, 2016

Griesa lifts injunctions: 'Argentina needs time to raise money to pay creditors'

U.S. District Judge Thomas Griesa in Manhattan wrote that circumstances have changed so significantly after years in which Argentina refused to negotiate with creditors that his earlier orders have become detrimental to the public interest. He said Argentina also needs time to raise money to pay the creditors, especially since one of the largest deals calls for payment in six weeks.

Saturday, February 6, 2016

Argentina in 'breakthrough' offer to end debt battle . 25 percent "haircut"

Argentina has offered $6.5bn to settle a battle with creditors suing the country over defaulted bonds, seeking to end a long-running row that has hampered the country's access to international capital.

Wednesday, February 3, 2016

Saturday, September 12, 2015

Τι κρύβει η σύγκρουση για το χρέος. (Η ελληνική περίπτωση είναι διαφορετική...)

Η απόφαση του πρώην υπουργού Νίκου Κοτζιά να εκφράσει τη δυσαρέσκειά του για τη δήθεν αλλαγή της πολιτικής «της προηγούμενης και εκλεγμένης κυβέρνησης» από την υπηρεσιακή κυβέρνηση στο ζήτημα του ψηφίσματος της Γενικής Συνέλευσης των Ηνωμένων Εθνών για την αναδιάρθρωση του δημοσίου χρέους προκάλεσε την έντονη δυσφορία του υπουργείου Εξωτερικών.

Monday, August 10, 2015

Una Corte de EE.UU. falló contra Griesa y limitó el número de demandantes

El Tribunal de Apelaciones del Segundo Distrito de Nueva York le ordenó hoy al juez Thomas Griesa que revise su decisión de incorporar a la demanda que ganaron los holdouts a una serie de acreedores que solicitaron sumarse al fallo.

Saturday, August 8, 2015

Griesa grants vulture funds hearing to discuss motion for sanctions

United States District Judge Thomas Griesa has allowed a request by so called “vulture” funds suing Argentina over its defaulted bonds, granting a new hearing for Wednesday 12 to discuss sanctions against Buenos Aires for failing to provide information on Argentine assets held in the US (discovery rights).

Tuesday, July 28, 2015

UN sets principles for debt restructuring framework

The United Nations' Ad Hoc Committee on sovereign debt restructuring processes has adopted a series of principles for the creation of an international framework governing debt restructuring, which will now be sent to the General Assembly.

Saturday, June 6, 2015

Vultures case - Argentina: Griesa rules in favor of 'me too' bondholders

Argentina must pay US$5.4 billion to more than 500 "me-too" holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled today (Friday, June 5, 2015).

Friday, May 8, 2015

Argentina to file complaint against NML for Belgium seizure attempt

Argentina: Economy Minister Axel Kicillof confirmed the government will be filing a complaint against vulture funds for seeking to seize the accounts of the Argentine embassy in Belgium, adding hedge funds are the most “despicable and repugnant” of the world financial system.

Argentina denies embassy accounts were confiscated in Belgium

The Economy Ministry of Argentina has released a statement denying that two Argentine embassy accounts were confiscated in Belgium following a request by NML Capital hedge fund.

Wednesday, March 18, 2015

Argentina opposes "me-too" claims for $5.4 bln in US Courts

Argentina has filed a motion in a US court opposing claims by more than 500 "me-too" creditors seeking payment on debt worth $5.4 billion owed since the country's 2002 default, court documents showed today.

Friday, March 13, 2015

Judge Griesa blocks Citigroup from processing Argentine bond payments

US district judge Thomas Griesa has rejected Citigroup’s request to vacate injunction, prohibiting the bank from processing payments on dollar-denominated Argentine exchange bonds.

Friday, November 7, 2014

Argentina faces u$s4.7 billion claim in 'me too' debt suits

Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the nation from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.
With the initiative, investors seek to profit from his order, filing “me too” suits, many of which have already won judgments on the defaulted bonds. The claim sums up to u$s4.7 billion.

Tuesday, November 4, 2014

Hedge fund owner says will ‘continue search for Argentine assets to seize’

Elliot Management’s owner, billionaire Paul Singer, has warned he will continue to search for Argentine assets to seize, according to a note the hedge fund sent to investors.

Singer, who won the so-called “trial of the century” against Argentina for 1.6 million dollars in defaulted bonds, said he will boost “sanctions against the country for evading the court’s sanctions.”

Saturday, October 25, 2014

Another hedge fund sues Argentina for u$s835 mln in defaulted bonds

EM Limited, a hedge fund owned by billionaire Kenneth Dart, has presented a lawsuit against Argentina before New York district judge Thomas Griesa, for u$s835 million in defaulted bonds.

With the initiative, the hedge fund aims at getting a similar sentence as the one issued by Griesa for NML Capital, owned by fellow billionaire Paul Singer.

Tuesday, October 7, 2014

ΔΝΤ: Νέοι κανόνες ομολόγων made in Argentina (Μετά τη δικαστική διαμάχη με τις ΗΠΑ)

Δίνοντας έμφαση στη «δικαστική διαμάχη» στις Ηνωμένες Πολιτείες της Αμερικής για την περίπτωση της Αργεντινής, το Διεθνές Νομισματικό Ταμείο παρουσιάζει σε έκθεσή του προτάσεις για αλλαγές στις διεθνείς συμβάσεις σχετικά με τα κρατικά ομόλογα...

Όπως σημειώνεται, το ΔΝΤ προτείνει μια σειρά από μεταρρυθμίσεις και που έχουν σχεδιαστεί για να μειώσουν το κόστος των αναδιαρθρώσεων, περιλαμβάνοντας πιθανές αλλαγές στο πλαίσιο δανεισμού του ΔΝΤ και καταγράφοντας παράλληλα μια σειρά από προτάσεις για την ενίσχυση των «ρητρών συλλογικής δράσης», που περιλαμβάνονται στα περισσότερα κρατικά ομόλογα, καθώς και αλλαγή στο λεγόμενο pari passu για «ίση μεταχείριση των πιστωτών».

US Judge Griesa orders Argentina to reinstate BoNY

US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee and “reverse the steps taken” with the approval of the Sovereign Payment law that replaced it with Nación Fideicomisos.

The judge ordered it last Friday in an amendment to his September 29 ruling when he declared Argentina in contempt of court.

Sunday, October 5, 2014

Italian bondholders seek same benefits as ‘vulture funds’

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “vulture funds” that were authorized by Griesa to be paid the full debt Argentina has with them.
It’s the first official demand of the so-called “me too” group, bondholders who did not accept the terms of the 2005 and 2010 debt restructuring but who have not taken legal action against the country and were thus not covered by the ruling filed by Griesa.

Wednesday, October 1, 2014

US insists Argentina needs to agree 'with all its bondholders'

The US State Department has reacted to the letter sent by the Argentine government to Secretary of State John Kerry before yesterday’s ruling, declaring the country in contempt of court. “We are following the situation closely,” a spokesperson from that entity expressed earlier today.

“Our stand is clear. It is in Argentine interests to normalize relations with all its bondholders,” the unnamed State Department source affirmed to AFP news agency.

Tuesday, September 30, 2014

Argentina claims Griesa contempt order 'violates international law'.

The Foreign Ministry has asserted that New York district judge Thomas Griesa's contempt ruling against Argentina is in clear breach of international law, adding that the decision had no practical ramifications against the nation and only served to aid the vulture fund campaign.
The government department, headed by Foreign minister Héctor Timerman, stated this evening that Griesa's ruling "is in violation of international law, the United Nations Charter and the Organisation of American States charter," in a press statement.

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