December 13, 2013
NY Griesa calls off Gov't-bonholders audience
Due a request filed by bondholders’ representatives, Federal Judge Thomas Griesa called off the audience between Argentine and holdouts attorneys.
The meeting between both parts had been scheduled for today's noon but judge Thomas Griesa suspended it.
According to Economy Ministry sources quoted by Télam, the suspension of the hearing was “requested by the complainant and not by Argentina.”
In a national television address, President Cristina Fernández de Kirchner announced the debt restructuring offering to swap holders of New York-law bonds into debt governed by Argentina’s legislation in a move that aims to prevent possible embargos.
Last year, Argentina's navy frigate ARA Libertad remained seized in the Ghanaian port of Tema for 10 weeks after following the dispute with US-based vulture funds. The UN International Tribunal for the Law of the Sea finally ordered Ghana's judicial authorities to release the ship with Argentina arguing warships immunity.
The project has received a first round of approval yesterday at a Senate joint committee clearing the bill for next week’s parliamentary session.