December 18, 2017
Monday, June 30, 2014

Argentina to send delegation to 'vulture fund' negotiations

The Economy Ministry has announced that it has chosen a delegation to travel to the United States in order to negotiate with hedge funds who refused to take part in debt restructuring, as part of the mediation imposed by New York judge Thomas Griesa.

The talks involve the so-called 'vulture funds', holdout investors that won a crucial ruling from the US Supreme Court over the bonds held in default following the crisis of 2001.

"In this manner, Argentina reiterates its intention to negotiate in fair, equitable and legal conditions that take into account the interests of 100 percent of creditors, which clearly implies that restructured bondholders be permitted to receive payment for current maturities," a statement from the Ministry explained this evening.

Those present will take part in a round of negotiations scheduled for July 7 by the court-appointed mediator, Daniel Pollack, who was selected by Griesa.
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Tags:  Vulture funds  Argentina  Supreme Court  Griesa  negotiations  

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