Sunday
December 17, 2017
Monday, November 3, 2014

Soros, Bass funds ask London judge to protect investments in Argentine bonds

A group of funds including George Soros’s Quantum Partners LP and Kyle Bass’s Hayman Capital Management LP asked a London judge to protect a 1.3 billion-euro ($1.6 billion) investment in Argentinian bonds from New York lawsuits triggered by the country’s default, Bloomberg news agency reported today.

The investors are “innocent third parties” in the dispute between Argentina and creditors who are refusing to participate in a restructuring deal, their lawyer Mark Hapgood said at a court hearing. They are “entitled to be paid their share” of the proceeds from the Euro-denominated bonds, he said.

Quantum and Hayman, along with Knighthead Capital Management LLC and RGY Investments LLC funds, asked Judge Guy Newey to order that an account holding about 226 million euros for interest payments on the bonds is covered by English law and not affected by court orders from New York. The account’s trustee, Bank of New York Mellon Corp., opposes the application.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  Soros  Argentina  bonds  dispute  creditors  debt  Griesa  US  restructuring  





  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




    ámbito financiero    ambito.com    Docsalud    AlRugby.com    

Edition No. 5055 - This publication is a property of NEFIR S.A. -RNPI Nº 5343955 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA - Director Perdiodístico: Ricardo Daloia