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

'Government sought unfavourable ruling to hide domestic issues'

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”.

26/10/2012 | Argentina

Price of Argentine global bonds plunge after US court decision

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.