Tag: Aurelius Capital Management

Aurelius Capital Management
Friday, March 14th 2014 - 08:42 UTC

US will not side with Argentina in its dispute with hedge funds, says Kerry

Secretary of State in Congress answered a specific question on Argentina and its litigations

US Secretary of State, John Kerry has rejected the possibility that the Barack Obama administration would side with Argentina in the long-standing dispute with hedge funds over the defaulted bonds from the 2001/2 meltdown. Still the US official praised what he considered some “positive steps” by the Cristina Fernandez government.

Wednesday, February 19th 2014 - 05:11 UTC

Argentina appeals hedge funds case to US Supreme Court; warns of 'havoc' if lower court ruling stands

The US Foreign Sovereign Immunities Act 'erroneously interpreted' Argentina tells the Supreme Court

Argentina announced on Tuesday it had appealed to the US Supreme Court against a lower court order to pay off hedge fund investors in its bonds, arguing that order violated its sovereignty.

Saturday, December 7th 2013 - 06:08 UTC

US government intervenes in favor of Argentina in defaulted-bonds ongoing case

Verrilli: the appeals court “erroneously permitted blanket discovery into a foreign state's assets located outside the United States.”

The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.

Tuesday, November 19th 2013 - 08:43 UTC

Argentina vs. hedge funds: Appeals court latest ruling opens the way to the US Supreme Court

Robert Koenigsberger, managing partner and chief investment officer of Gramercy Funds Management

A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.

Friday, October 4th 2013 - 17:05 UTC

Cristina Fernandez accuses “part of US judiciary” of wanting Argentina to default

“We will not be watching with our arms folded”, said President Cristina Fernandez

Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina “to default”, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.

Tuesday, August 27th 2013 - 01:13 UTC

Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

The president said Argentina has fulfilled all its obligations over the last ten years

Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.

Sunday, July 14th 2013 - 23:53 UTC

Argentina litigation with hedge funds; ‘US could end siding with Buenos Aires’ says Washington Post

Billionaire Paul Singer is also a prominent Republican campaign donor

The United States Justice, Treasure and State Department officials met on Friday with lawyers both from Argentina and hedge funds that refused to accept the administrations of presidents Nestor Kirchner and Cristina Fernandez debt swaps, The Washington Post reported on Saturday.

Saturday, April 20th 2013 - 08:39 UTC

US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

NML Capital and Aurelius, which are seeking 1.3 billion dollars, had been expected to reject the offer

Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.

Thursday, March 28th 2013 - 09:56 UTC

Argentina prepared to offer suing ‘vulture funds’ a 25-year bond, says Ambito

US Judge Thomas Griesa ordered Argentina in November to pay into escrow the full 1.33 billion owed to the holdouts

Argentina plans to offer suing “holdout” creditors a 25-year bond equal to the face value of their debt when the country defaulted in 2002, local financial daily Ambito Financiero reported on Wednesday.

Monday, February 25th 2013 - 06:22 UTC

Argentina and ‘holdout hedge funds’ prepare for the final clash this week

Paul Singer, founder of hedge fund Elliot Management in a decade long fight with Argentina

The long-awaited showdown in a US appeals court this week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.

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