Friday
August 29, 2014
Results for: griesa
  • 25/08/2014 | Argentina

    PRO reiterates rejection of gov't debt swap bill

    PRO party lawmaker Federico Sturzenegger urged the government to “sit with the (US) judge” Thomas Griesa to “honour debt commitments” and reiterated that the center-right bloc will not back in Congress the bill pushed by the Executive to remove the bank of New York Mellon as Argentina’s trustee.

  • 25/08/2014 | Argentina

    Investor Soros sues BONY for unpaid Argentina bonds

    Billionaire United States investor George Soros and Kyle Bass, the founder of hedge fund Hayman Capital Management, have opened a lawsuit against the Bank of New York Mellon (BONY) for failing to distribute 226 million euros in Argentine bonds to creditors.

  • 27/08/2014 | Argentina

    Kicillof urges Congress not to become 'judge Griesa’s clerk office'

    Economy Minister Axel Kicillof spoke before the Budget and Foreign Affairs Committees of the Senate as a new round of talks began over a bill that if approved would allow for the voluntary payment of the country’s creditors in Buenos Aires.

  • 21/08/2014 | Argentina

    European creditors seek removal of RUFO clause

    European investors holding 5.2 billion dollars of restructured Argentine bonds are negotiating the removal of the Rights Upon Future Options (RUFO) clause that the country claims prevents them from negotiating with vulture funds, sources close to the meetings informed today.

  • 24/08/2014 | Argentina

    Fintech Advisory fund welcomes new debt swap under Argentine law

    Fintech Advisory hedge fund head David Martínez Guzmán has said the fund is willing to accept the new debt swap proposed by the Argentine government in order to “isolate (US) judge Thomas Griesa and vulture funds, and resume the chain of payment arbitrarily interrupted.”

  • 25/08/2014 | Argentina

    Gov't defends new debt swap plan: 'BoNY has breached contract'

    Cabinet Chief Jorge Capitanich defended the Executive’s plan to replace the bank of New York Mellon (BoNY) as trustee of Argentina’s restructured bonds saying it has “breached the trust agreement.”

  • 20/08/2014 | Argentina

    'We should be asking Griesa for BoNY deposits'

    Cabinet Chief Jorge Capitanich stressed that by changing the debt’s jurisdiction to Buenos Aires the government seeks to protect restructured bondholders and pointed out that the fate of the u$s 539 millions deposited to restructured creditors in a Bank of New York (BoNY) account is to be determined by US District Judge Thomas Griesa, who has frozen the assets.

  • 20/08/2014 | Argentina

    Aurelius: 'Argentine leaders have chosen to be outlaws'

    Hedge fund Aurelius Capital Management has slammed Argentina's proposal to change the jurisdiction of restructured debt to Buenos Aires, in a move that the holdout investor called the nation's "latest plan to evade and violate US court orders".

  • 21/08/2014 | Argentina

    US judge Griesa declares jurisdiction change illegal

    US District Judge Thomas Griesa declared that an Argentine plan to change the jurisdiction of restructured foreign debt was illegal, while resisting holdout investors' demands that Argentina be held in contempt of court for attempting to change the site of payment to Buenos Aires.

  • 13/08/2014 | Argentina

    Gov’t says ‘acceleration’ on restructured bonds not possible

    Cabinet Chief Jorge Capitanich rejected the possibility raised last week by Argentina’s holdout investors to declare principal and interest immediately due, a move known as acceleration, saying the conditions for it have not been met.

  • 15/08/2014 | Argentina

    Holders of Argentina eurobonds appeal US Judge Griesa ruling

    Holders of euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking the country from making payments on their debt, according to a court filing.

  • 20/08/2014 | Argentina

    Gov't says 'contempt ruling' inapplicable to Argentina

    Anticipating what seems an imminent order of contempt-of-court by US Judge Thomas Griesa following President Kirchner’s decision to push a bill to change the payment jurisdiction to Buenos Aires, the cabinet chief pointed out that as a “sovereign country” Argentina cannot end up in contempt.

  • 08/08/2014 | Argentina

    Griesa insists Argentina makes 'false statements', threatens to declare the country in 'contempt'

    NY district judge Thomas Griesa threatened today the Argentine lawyers to declare the South American nation in “contempt” if the Republic continues to make “false and deceiving statements,” following Argentina’s claim it has already paid exchange bondholders and has no pending obligations, as it deposited US$539 million in bond payments in Bank of New York Mellon (BoNY) and Citibank.

  • 08/08/2014 | Argentina

    ‘Griesa didn’t solve anything, just added confusion today’

    Economy Minister Axel Kicillof has said the hearing held by New York district judge Thomas Griesa over the Argentine case against holdouts did not solve “anything” and “just added confusion”.

  • 11/08/2014 | Argentina

    Gov’t insists it is not involved in talks between banks, holdouts

    The cabinet chief reiterated that any ongoing negotiations between Argentinean private agents and holdouts “are not the state’s concern or responsibility.”

  • 06/08/2014 | Argentina

    Griesa orders BoNY to retain payment

    New York district judge Thomas Griesa has ordered Bank of New York Mellon to retain the funds deposited by Argentina to pay exchange bondholders, while declaring the payment “illegal.”

  • 07/08/2014 | Argentina

    Gov’t fires back at Griesa, reiterates BoNY has to pay bondholders

    Cabinet Chief Jorge Capitanich said US Judge Thomas Griesa has proved his “incompetence, constant bias” by ratifying his order to keep a hold on funds Argentina deposited for exchange bondholders in the Bank of New York Mellon.

  • 07/08/2014 | Argentina

    Bond dispute: US judge Griesa to hold new hearing tomorrow

    New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time tomorrow to address Argentina's recent public statements over their attempts to pay creditors, a court official said.

  • 04/08/2014 | Argentina

    Ex Finance Secretary says govt's vulture fund strategy will isolate the country

    Former Finance Secretary Guillermo Nielsen today referred to the government's strategy towards vulture funds and said "the strategy of blasting the judge and the mediator has not been thought enough and will isolate the country."

  • 04/08/2014 | Argentina

    Judge Griesa allows JP Morgan payment, confirms Pollack as mediator

    New York judge Thomas Griesa has granted the JP Morgan bank permission on a one-time basis to pay out interest services to holders of restructured Argentine bonds, and confirmed that 'Special Master' Daniel Pollack would remain as mediator in the legal dispute despite criticisms from the nation.

  • 05/08/2014 | Argentina

    Gov't blasts US judge Griesa for ratifying Pollack as Special Master

    Cabinet Chief Jorge Capitanich criticised US Judge Thomas Griesa’s decision to confirm Daniel Pollack as mediator to conduct talks between Argentina and holdouts saying "it ratifies the judge’s stance, that does not understand the difficulties of the process.”

  • 01/08/2014 | Argentina

    US judge Griesa urges Argentina, vulture funds to resume negotiations; rejects replacing Special Master Pollack

    US District Judge Thomas Griesa, in a stern tone, today criticized Argentina's decision to default on $29 billion in debt earlier in the week rather than pay holdout investors as ordered.

  • 01/08/2014 | Argentina

    Griesa authorizes payment to European bondholders

    New York judge Thomas Griesa today authorized Euroclear and Clearstream banks to make a one-off transaction for mainly European exchange bondholders with the money deposited by Argentina on June 26.

  • 03/08/2014 | Argentina

    S. Court Justice Zaffaroni says Griesa's ruling is 'a judicial scandal'

    Supreme Court judge Eugenio Zaffaroni condemned US Federal Judge Thomas Griesa’s ruling on Argentina’s legal battle against its holdout creditors saying it is a “judicial scandal” that reveals that “today, arbitral power is economical and there are no legal instruments to control it”.

  • 31/07/2014 | Argentina

    Kicillof: 'If banks want to pay with their own money, the government won't resist it'

    Economy Minister Axel Kicillof today insisted Argentina will not pay “vulture funds” or “anyone who buys their bonds” a higher amount than the negotiated in the 2005 and 2010 debt swaps, saying the latter would also trigger the RUFO clause.

  • 31/07/2014 | Argentina

    'Vulture funds want to collect Griesa's usurious sentence'

    President Kirchner said she will not "sign an agreement" that compromises the country's future, while blasting "vulture funds" for wanting to "collect Griesa's usurious sentence", following the failure of the negotiations between the country and holdouts over Argentina's defaulted debt on Wednesday.

  • 31/07/2014 | Argentina

    US interim ambassador in Argentina urges for ‘practical solutions’ with vulture funds

    Kevin Sullivan, US interim ambassador in Argentina affirmed today the country must seek “practical solutions” with the so called vulture funds over defaulted bonds.

  • 30/07/2014 | Argentina

    Mediator Pollack after meeting with Kicillof and vultures: ‘The issues that divide the parties remain unresolved’

    Daniel Pollack, the mediator appointed by US judge Griesa to resolve the dispute between Argentina and the so called vulture funds, affirmed the parts talked “face to face” for the first time and assured a new meeting will be confirmed during the day.

  • 31/07/2014 | Argentina

    Gov't denies default, bashes US Judiciary

    Cabinet Chief Jorge Capitanich said Argentina’s "alleged technical default is an absurd fabrication" and accused the US Judiciary of “malpractice.”

  • 31/07/2014 | Argentina

    US judge Thomas Griesa schedules new hearing for tomorrow

    The US judge overseeing Argentina's dispute with a group of creditors said a hearing he has set for Friday morning in the case will be "regarding the recent default by the Republic of Argentina," according to a court filing.

  • 29/07/2014 | Argentina

    Scioli confident about settlement with holdouts

    The governor of Buenos Aires province Daniel Scioli expressed confidence that an agreement with the so called vulture funds can still be reached. “I see last-minute positive signs,” he said.

  • 29/07/2014 | Argentina

    Euro bondholders request ‘temporary stay’ from Griesa

    A group of bondholders urged US Federal judge Thomas Griesa to apply a “temporary stay” from January 1st until January 15, 2015, or at least a 90 day measure in order to resolve current negotiations and prevent a new default.

  • 29/07/2014 | Argentina

    Argentine banks to deposit guarantee to prevent default

    Summoned through an emergency meeting, the Argentine private banks association (Adeba) held a reunion today in their Buenos Aires City HQ, where they agreed to offer the Government a 250 million dollar guarantee as a preventive measure to avoid a default.

  • 28/07/2014 | Argentina

    Judge Griesa authorises payment of bonds under Argentine law

    New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under local law, which form part of the titles restructured following the default of 2001.

  • 29/07/2014 | Argentina

    Technical default, a 'fabrication of rating agencies'

    Only a day ahead of the deadline set by US Judge Thomas Griesa for Argentina to pay in full to holdout bondholders, Cabinet Chief Jorge Capitanich said “there is no such a thing as a ‘technical default,’ stressing the country has paid creditors and accusing Griesa of not allowing them to receive payment.

  • 29/07/2014 | Argentina

    Argentina continues last-minute debt talks with US mediator Pollack in New York

    Today's meeting between an Argentine delegation and mediator Daniel Pollack in New York continue, with Economy minister Axel Kicillof flying in at the last minute to witness talks while the parties attempt to avoid possible default as a result of the ongoing dispute with holdout investors ahead of tomorrow's deadline.

  • 28/07/2014 | Argentina

    Capitanich says economic activity independent of vulture fund battle

    Cabinet Chief Jorge Capitanich said “the economic activity is independent” of the outcome of the country’s legal battle against the vulture funds, asked about the impact in the country's economy in case an agreement is not reached with holdout creditors by Wednesday.

  • 28/07/2014 | Argentina

    Mariotto: ‘Francis said Griesa is further right than right-wing Republicans'

    The Deputy Governor of Buenos Aires province Gabriel Mariotto revealed details of a private conversation he had with Pope Francis at the Vatican.

  • 28/07/2014 | Argentina

    BA stocks cut losses, all eyes on vulture funds talks

    The Buenos Aires City stock market registered losses amid operators’ growing uncertainty as the July 30 deadline for the negotiations between Argentina and its holdout creditors in New York approaches, although prices later recovered to diminish early falls. The Merval index was down by 0.98% at 7,844.56 points.

  • 24/07/2014 | Argentina

    Aurelius says it will not ask Griesa for a stay

    Argentine debt holdout investor Mark Brodsky, chairman of Aurelius Capital Management, said his group will not ask US Judge Thomas Griesa to suspend his payment order, after a story in an Argentine newspaper suggested that Paul Singer’s NML Capital Ltd could ask Griesa to reinstate the stay of injunction.

  • 25/07/2014 | Argentina

    No resolution in NY meeting, Argentine delegation returns to Buenos Aires

    In a brief, closed-door meeting, US mediator Daniel Pollack met with representatives of Argentina. "The dialogue process opened with the mediator will continue within the next days," a statement released by the Economy Ministry confirmed.

  • 28/07/2014 | Argentina

    US Pollack confirms meeting with Argentine delegation tomorrow, without holdouts

    An Argentine delegation will travel to New York tonight to meet with US court-appointed Special Master Daniel Pollack in its debt dispute with "holdout" investors. The meeting is scheduled for 12 pm (Argentine time), and without the presence of holdouts' representatives.

  • 23/07/2014 | Argentina

    CFK defiant over vulture fund dispute

    President Cristina Fernández de Kirchner has reiterated the Argentine position of demanding fair and equal conditions in order to speak with holdout investors involved in the legal dispute with the country, and criticised judge Thomas Griesa for failing to address concerns in the conflict over unpaid sovereign debt.

  • 24/07/2014 | Argentina

    ‘The situation is absurd, should be fixed by the judge himself’

    Ahead of a new hearing called by Judge Thomas Griesa's mediator, Daniel Pollack, in the battle against holdout creditors, Cabinet Chief Jorge Capitanich said the country faces "an absurd situation caused by an absurd ruling that should be fixed by the judge himself”.

  • 24/07/2014 | Argentina

    BA City Mayor Macri urges the gov't to pay holdout bondholders

    The mayor of Buenos Aires City Mauricio Macri reiterated his belief that Argentina should “comply with [US Judge Thomas Griesa’s] ruling” that orders the country to pay holdout hedge funds in full by Wednesday.

  • 22/07/2014 | Argentina

    Buenos Aires stocks fall after vulture fund hearing

    The Buenos Aires City stock market registered losses after US Judge Thomas Griesa denied a new Argentine request for a suspension of the order to pay bondholders before July 30, although heavy early falls were arrested. The Merval index closed down 1.1% at 8,332.29 points.

  • 22/07/2014 | Argentina

    Gov't: 'Griesa has not solved anything'

    Government has confirmed Judge Thomas Griesa called for a new meeting on Wednesday while saying he “did not solve anything” during today’s hearing and accusing him of using “vulture funds' terminology,” in an official press release by the Economy Ministry.

  • 23/07/2014 | Argentina

    ‘Life goes on for Argentina despite vulture funds' extorsion’

    In the aftermath of US Judge Griesa’s decision, Cabinet Chief Jorge Capitanich said that “despite the extorsion of a tiny group of speculators […] Argentina keeps on moving” and praised the government’s economic stimulus policies. “Life goes on for Argentina,” he stated.

  • 21/07/2014 | Argentina

    Argentina repeats 'stay' request ahead of hearing with judge Griesa

    Argentina has formally asked judge Thomas Griesa to put on hold an order requiring it to pay the 'vulture funds' who did not participate in debt restructurings, while it seeks a "global resolution" to the legal dispute.

  • 22/07/2014 | Argentina

    Gov't says 'Argentina needs stay to honour its commitments'

    Before the hearing held in New York today, Cabinet Chief Jorge Capitanich reiterated the importance of the suspension of Griesa’s ruling requested by Argentina.

  • 22/07/2014 | Argentina

    'Argentina's leaders have no interest in negotiating'

    Aurelius Capital Management, LP, a leading holdout investor in Argentina's debt battle said that the country still has no interest in negotiations, just hours before a hearing with US Judge Thomas Griesa on previous orders requiring the country pay holdout bondholders.

  • 16/07/2014 | Argentina

    US Judge Griesa calls for new hearing over Argentine debt case

    US District Judge Thomas Griesa in New York today said he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt case.

  • 17/07/2014 | Argentina

    'It is vulture funds that act in bad faith’

    The Cabinet Chief Jorge Capitanich reiterated that Argentina has not defaulted and rejected the possibility of a future default. He stressed that the government honours its commitments in good faith, unlike the so-called vulture funds, whom he accused of going after the resource-rich Vaca Muerta region.

  • 21/07/2014 | Argentina

    Vulture funds ‘voracious at seizing real assets,’ Gov’t says

    The Cabinet Chief Jorge Capitanich has blasted once again the holdout hedge funds accusing them of being after YPF-Chevron assets in ressources-rich Vaca Muerta region. “If anything is clear it is their voracity to seize real assets,” he stated.

  • 10/07/2014 | Argentina

    JP Morgan writes letter to US Judge Griesa, asks for payment to Japanese bondholders

    JP Morgan bank, the entity responsible for the payment to Argentina's Japanese bondholders has sent a letter to US Federal Judge Thomas Griesa, requesting “a clarification” in order to deliver the funds to its creditors.

  • 11/07/2014 | Argentina

    No resolution reached between Argentine officials, debt holdouts

    Argentine officials and holdout investors met separately with the court-appointed mediator for five hours today, presenting their cases in hopes of resolving a default dispute that has dragged on for over 12 years.

  • 14/07/2014 | Argentina

    'Vulture fund' asks Argentina to start immediate negotiations

    Aurelius Capital Management, the hedge fund that is one of the principal holdout investors of Argentine debt, signalled today that the nation's government faces a new crisis on June 30 if they do not enter into negotiations with the so-called 'Vulture Funds'.

  • 07/07/2014 | Argentina

    'No third party judge is entitled to prevent bondholders from receiving payment'

    Cabinet Chief Jorge Capitanich said Argentina is determined to “hamper the actions of any external agent” working to prevent bondholders from being paid and referred to a advert published in local and international newspaper to reassure bondholders of the government’s willingness to pay.

  • 08/07/2014 | Argentina

    Luxembourg's Clearstream Clearing House asks Griesa to allow eurobonds payment

    Holders of Argentine bonds held through Luxembourg’s Clearstream Clearing House joined Belgian bondholders in their demand to US Judge Thomas Griesa for an emergency ruling to help them recover the funds deposited in the Bank of New York Mellon by Argentina, blocked by the Judge.

  • 09/07/2014 | Argentina

    ‘Negotiations are on right track’, Foreign minister Timerman says

    Foreign Minister Héctor Timerman assured today “negotiations with ‘vulture funds’ are on the right track,” in his first reaction since the meeting between Argentina’s representatives and mediator Daniel Pollack, appointed by US Federal judge Thomas Griesa to lead the talks in New York.

  • 04/07/2014 | Argentina

    Capitanich: 'US judiciary is not independent from vulture funds'

    Cabinet Chief Jorge Capitanich came on stage today to say that “considering a technical default is a manoeuvre from the New York judge but not from the Argentine Republic.”

  • 06/07/2014 | Argentina

    Regional ambassadors to the UN back Argentina in vulture funds battle

    Latin American ambassadors to the United Nations (UN) showed their support to Argentina in its dispute against holdout hedge funds. They agreed that the so-called vulture funds are a risk to debtor nations and that they pose a threat to the region.

  • 07/07/2014 | Argentina

    Kicillof requests 'stay' reinstatement during Pollack meeting

    Economy Minister Axel Kicillof today held a meeting that lasted almost four hours with the Special Master appointed by US Judge Thomas Griesa, Daniel Pollack, and requested that an injunction allowing Argentina to pay bondholders be reinstated while negotiations with holdouts developed.

  • 02/07/2014 | Argentina

    Gov't comitted to negotiate with holdout hedge funds

    Cabinet Chief Jorge Capitanich reiterated once again Argentina’s willingness to pay all of its creditors and neither confirmed nor denied the possibility to pay holdout hedge funds with bonds, as suggested yesterday by an Elliot Management representative.

  • 02/07/2014 | Argentina

    Buenos Aires, Neuquén confirm payment to bondholders in NY

    Argentine provinces of Buenos Aires and Neuquen confirmed they will meet their foreign debt’s deadlines at the end of the month despite the government’s risk of default after US Judge Griesa blocked the funds deposited for restructured bondholders.

  • 03/07/2014 | Argentina

    Kicillof confirms Pollack meeting without holdouts

    Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator Daniel Pollack over the legal battle currently raging between the nation and holdout investors known as 'vulture funds', while clarifying that those hedge funds would not be present.

  • 30/06/2014 | Argentina

    Nobel laureate Pérez Esquivel urges Griesa to 'reflect on the debt'

    Argentine Nobel Peace Prize Laureate Adolfo Pérez Esquivel said he has sent a letter to US Judge Thomas Griesa who ruled against Argentina in its case against “holdout” creditors, urging him to “reflect on the debt”.

  • 30/06/2014 | Argentina

    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.

  • 01/07/2014 | Argentina

    Gov't 'working' on vulture talks’ details

    Cabinet Chief Jorge Capitanich said that the government is working on the Argentine delegation to travel to New York on Monday to meet with Judge Thomas Griesa and the holdout investors’ representatives. Capitanich said the names of those appointed to begin negotiations will be announced in the course of the week.

  • 27/06/2014 | Argentina

    US Judge Griesa says bank should return Argentine bond payment; urges to go back to negotiating table

    US Judge Thomas Griesa today called Argentina's decision to make a sovereign debt payment in defiance of a court order an "explosive action" and told Bank of New York Mellon to return the money to the government. In a hearing today held in New York, Griesa told lawyers representing Argentina and BNY Mellon that any attempt to make payment to bondholders without complying with his court is illegal.

  • 27/06/2014 | Argentina

    Shares slip after hearing in New York

    Shares rebounded from a previous fall after US Judge Thomas Griesa today decided not to place an embargo on the amount Argentina had deposited in the Bank of New York.

  • 27/06/2014 | Argentina

    Gov't acusses US Judge Griesa of ‘abuse of authority’ and ‘attempt to provoke a default’

    In an official press release, the federal government stated US Federal Judge Thomas Griesa attempted to “block the payment for bondholders” and committed an abuse of authority, after cancelling the deposit made to bondholders in a Bank of New York account.

  • 26/06/2014 | Argentina

    ‘Vulture fund’ asks for hearing with Griesa over Argentinean ‘payment violation’

    NML Capital has asked NY Judge Thomas Griesa for a hearing to address the violation of his Court’s order, after Economy Minister Axel Kicillof announced the government has made a payment of 1 billion dollars in New York, serving its debt commitments with creditors that accepted the 2005 and 2010 swaps.

  • 27/06/2014 | Argentina

    Gov't publishes legal notice to inform about payment to swap bondholders

    The government today published a legal notice on leading media outlets of Argentina, to inform about the 539 million deposit the government made yesterday in the Bank of New York to pay swap bondholders, as it was announced by Economy Minister Axel Kicillof.

  • 25/06/2014 | Argentina

    Mediator Pollack: ‘No agreement yet’ with vulture funds

    Special Master Daniel Pollack, the person appointed by US Judge Thomas Griesa to mediate in negotiations between Argentina and vulture funds, affirmed that “no agreement has been achieved yet.”

  • 26/06/2014 | Argentina

    Merval down 2% after Griesa denies stay

    Merval stock market dropped 2 percent to 7,820.50 units after US Judge Thomas Griesa denied today Argentina’s request to suspend the ruling that obliges the country to pay “vulture funds” in order to honor its restructured bond commitments.

  • 25/06/2014 | Argentina

    Kicillof addresses UN: 'Argentina wants to pay, but they won't let us'

    Argentina's Economy Minister Axel Kicillof was adressing the United Nations today over the nation's "vulture funds" dispute. "We want to pay but they won't let us," he said in reference to US courts' rulings.

  • 25/06/2014 | Argentina

    US Council on Foreign Relations bashes Supreme Court ruling: 'It will diminish national sovereignty'

    The Council on Foreign Relations, one of the most influential private organizations in US Foreign Policy, questioned the country’s Supreme Court for rejecting Argentina’s appeal in its legal dispute with the so-called vulture funds, saying the ruling will "diminish national sovereignty".

  • 25/06/2014 | Argentina

    Kicillof asks for ‘equal conditions’ in negotiations with vulture funds in UN meeting

    Economy Minister, Axel Kicillof addressed today before a United Nations panel in New York, and explained the consequences of Judge Thomas Griesa ruling, while warning the country “could face a technical default” next Monday, if the sentence remains firm.

  • 24/06/2014 | Argentina

    Gov’t awaits Judge Griesa’s decision on stay request

    The government awaits Judge Griesa's decision after it requested him to issue a stay on the ruling that orders Argentina to pay all bondholders at the same time, Cabinet Chief Jorge Capitanich has said.

  • 24/06/2014 | Argentina

    'Vulture funds' want Argentine stay plea rejected by Griesa

    Hedge fund NML Capital have dismissed the Argentine government's request to reestablish a stay on payments to the so-called 'vulture funds', and called on New York judge Thomas Griesa to reject the plea.

  • 25/06/2014 | Argentina

    Kicillof to 'raise awareness' on anti-debt restructuring rulings at United Nations

    Cabinet Chief Jorge Capitanich referred to the economy minister's presentation at the G77 and China meeting in New York today, saying Argentina will seek to “raise awareness” about the impact of legal decisions in debt restructuring processes.

  • 20/06/2014 | Argentina

    US Judge Griesa bans Argentina from paying bondholders in BA

    US Federal Judge Thomas Griesa ratified in an official letter that Argentina’s proposal to carry out a debt exchange and pay its bondholders in Buenos Aires represents a “violation of the rulings and procedures.”

  • 23/06/2014 | Argentina

    Gov’t asks Griesa for a stay on debt ruling

    Economy Minister Axel Kicillof briefed the press on the content of Argentina’s formal presentation to Judge Griesa today. “We are asking judge Griesa for a suspension of his ruling in order to start a dialogue in fair, equitable and legal conditions, without breaking our commitments with bondholders who joined the debt restructuring,” the Minister said.

  • 18/06/2014 | Argentina

    Judge Griesa considers CFK's speech a 'problem'

    US Judge Tomas Griesa today considered "a problem" the televised speech delivered by President Cristina Fernández de Kirchner on Monday after the US Supreme Court declined to hear an appeal by Argentina in its battle against the holdouts.

  • 18/06/2014 | Argentina

    Elliot Management could accept Argentine bonds follow US Supreme Court rule

    Elliot Management hedge fund, led by financial tycoon Paul Singer, could accept Argentine bonds in order to finish with the judicial dispute between the two parts, following US Supreme Court ruling last Monday.

  • 18/06/2014 | Argentina

    Gov’t warns stay suspension ‘makes impossible debt swap payment in New York’

    The Economy Ministry announced today that Argentina will not be able to fulfil with the debt swap payments on June 30, in response to US Appeal Court ruling which suspended a previous injunction measure filed by President Cristina Fernández de Kirchner administration.

  • 02/06/2014 | Argentina

    Gov't on alleged leaked memo: 'We said all we had to say in Court'

    Cabinet Chief Jorge Capitanich refused to give further details on an alleged leaked legal memo which would advise the government on a plan to restructure Argentina’s bonds outside the reach of US courts if the Supreme Court does not take the case against holdout investors, the so called Vulture Funds. “The document was leaked without consent,” he stressed.

  • 09/06/2014 | Argentina

    NY Post: Judge Griesa refuses hedge fund request to rebuke Argentina on debt plan

    New York Judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week.

  • 18/06/2014 | Argentina

    Merval up 2.9% after Argentina offers to open negotiations

    Merval stock market reversed it’s downwards trend and rose 2.9 percent to 7,727.67 units after Argentina offered NY Judge Thomas Griesa to open negotiations with bondholders next week.

  • 30/09/2013 | Argentina

    US Supreme Court analyses whether to take 'vulture fund' case

    The US Supreme Court  analysed the list of cases that could be discussed from the start of the new session beginning October 7, among which is a high-profile appeal by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country's 2002 default.

  • 03/10/2013 | Argentina

    Griesa accuses Argentina of 'evading' court orders

    New York judge Thomas Griesa has once more ruled against Argentina in the nation's battle with the vulture funds, determining that the jurisdiction of the bonds that entered the debt swaps of 2005 and 2010 cannot be changed.

  • 20/02/2014 | Argentina

    Debt swap participants appeal before US Supreme Court

    A group of bondholders that entered the restructuring of Argentine debt in 2005 and 2010 have presented their own appeal before the US Supreme Court, in the case involving the so-called 'vulture funds'.

  • 26/08/2013 | Argentina

    CFK slams court ruling in favour of creditors

    President Cristina Kirchner has strongly criticised the decision of the New York Appeals Court to rule in favour of the group of creditors known as Vulture Funds, stating that the judgement "ignores the agreement we have reached with 93 percent of bond-holders."

  • 27/08/2013 | Argentina

    Pignanelli: Debt swap opponents are 'traitors'

    Former Central Bank president Aldo Pignanelli has criticised opponents of a third debt swap proposed by head of state Cristina Kirchner, pointing out that it was a subject that "transcended" politics and dismissing those against the plan as "traitors against the nation".

  • 23/09/2013 | Argentina

    CFK assures that creditors outside debt swap will be repaid

    President Cristina Fernández de Kirchner has confirmed that Argentina will honour its obligations to so-called 'vulture funds' and pay debts, if the United States Supreme Court rules against the country in the ongoing legal struggle.

  • 25/06/2013 | Argentina

    Argentina asks US Supreme Court to hear debt appeal

    Argentina has taken its legal battle with "holdout" creditors to the US Supreme Court, asking that body to overturn a lower court ruling in a case whose outcome could push the country into default.

  • 26/08/2013 | Argentina

    Congress to debate new debt swap

    President Cristina de Kirchner has announced that a new law will be sent to Congress in order to reopen debt swaps for a third time, in the hope of convincing the 7 percent of creditors who refused in 2005 and 2010 to restructure their bond holdings.

  • 26/08/2013 | Argentina

    Vulture Funds: Current bond holders will be paid in Argentina according to new proposal

    Businesses and individuals who currently hold bonds obtained in Argentina's debt swaps face the prospect of their payment sites being changed, if a new project announced by president Cristina Kirchner passes through Congress.

  • 23/11/2012 | Argentina

    'If a Judge wants to end with Argentina's sovereignty, he'll fail'

    Cabinet Chief Juan Manuel Abal Medina affirmed that "if a Judge wants to end with the sovereignty, he must know he'll fail. We are determined to continue and comply with the law," referring to US Judge Thomas Griesa's ruling.

  • 27/11/2012 | Argentina

    Fitch downgrades Argentina on 'probable default'

    Fitch Ratings agency announced it has downgraded Argentina's long-term foreign currency Issuer Default Rating from "B" to "CC," with a negative outlook, as it sees a "probable default" if the country misses its payment to holdout investors.

  • 28/11/2012 | Argentina

    'Re-opening of debt swap will depend on US Appeals Court's ruling'

    Economy Minister Hernán Lorenzino today expressed that “the government is awaiting the decision of the New York Court of Appeals” in the case held against Argentina over ‘vulture fund’ payments by New York Judge Thomas Griesa.

  • 22/11/2012 | Argentina

    De Vido accuses former economy ministers of 'giving away Argentina’s sovereign jurisdiction'

    Planning Minister Julio De Vido was the first Cabinet member to come on stage today after the ruling against Argentina over vulture funds.

  • 22/11/2012 | Argentina

    Argentina says Judge Griesa's ruling 'unfair,' to request revision on Monday

    Economy Minister Hernán Lorenzino assured during a press conference that "paying off the vulture funds is illegal," and said that the ruling by US District Judge Thomas Griesa against Argentina is "unfair." The minister also warned that Griesa's ruling might affect the international financial system, and the country as well.

  • 23/11/2012 | Argentina

    Scioli pleas 'collaboration' in 'vulture' funds fight

    Buenos Aires province governor Daniel Scioli rejected the recent ruling in favour of “holdout” bond investors by New York Judge Thomas Griesa and called on other provincial governors, mayors and union leaders to “join in collaboration” in order to bring peace of mind to the population.

  • 22/11/2012 | Argentina

    US court orders Argentina to pay bond holders in 'vultures' row

    Argentina suffered a stinging blow late last night, when New York federal judge Thomas Griesa, citing threats by the country's leaders to defy his rulings in a decade-old dispute over defaulted sovereign bonds, ordered immediate payment.

  • 22/11/2012 | Argentina

    Lower House Kirchnerite leader says ruling is ‘reprehensible’

    The leader of the Kirchnerite caucus in the Lower House, Agustín Rossi, referred to the recent ruling signed by US District Judge Thomas Griesa against Argentina saying it is “reprehensible”.

  • 17/11/2012 | Argentina

    Argentina asks US judge to wait for bond dispute appeal

    Argentina asked a US judge late last night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.

  • 18/11/2012 | Argentina

    'US already criticized Griesa's ruling in favour of vulture funds,' Argüello

    Argentine ambassador to the US Jorge Argüello repeated that the Obama administration has already rejected one of judge Thomas Griesa’s interpretations of the clause involving equal treatment to creditors for considering it “a potential conflict for the world’s financial markets.”

  • 28/03/2011 | Argentina

    Griesa rules in favour of Argentina again

    Argentina managed to win another judicial battle in a New York court in a lawsuit filed by bondholders who saw their accusations rejected, after insisting that the Banco Nación was Argentina’s “alter ego” and was therefore liable in the nation’s defaulted debt case.

  • 05/07/2011 | Argentina

    US court lifts freeze on Argentina deposits

    The government won the lifting of a freeze on $100 million of central bank deposits that was imposed to satisfy claims by two US investment funds arising from the country's massive 2002 debt default.

  • 26/10/2012 | Argentina

    US court rules against Argentina over debt fix

    A US appeals court said Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate.

  • 26/11/2012 | World

    Bond-holders appeal US court ruling too

    Investors holding US$1 billion worth of restructured Argentine debt appealed to US Distrct Judge Thomas Griesa’s ruling that they fear would trigger another default and prevent them from being paid principal and interest due on their bonds next month.

  • 20/08/2012 | World

    US Court rejects Argentina's sovereign-immunity argument

    A US Federal Appeals Court in New York rejected Argentina’s argument that its sovereign immunity was affected by a lower-court ruling compelling compliance with subpoenas sought by NML Capital Ltd. for collection of five money judgments.

  • 08/11/2012 | World

    Griesa summons new hearing over Argentina, vulture funds

    US Judge Thomas Griesa summoned a new hearing at New York Court over the case of vulture funds against Argentina.

  • 09/11/2012 | World

    Griesa urges Gov't to revise position, pay to vulture funds

    US Judge Thomas Griesa urged Argentina to comply with the recent ruling which orders to compensate the bondholders that did not participate in both debt restructuring of the country.

  • 18/06/2014 | Latin America

    Mujica suggests taking vulture case to OAS

    Uruguayan President José Mujica proposed that the case between Argentina and the vulture funds be treated in the OAS or other international forums such as the UNASUR or MERCOSUR, instead of in the New York court of Judge Thomas Griesa.


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