Tag: Aurelius Capital Management

Aurelius Capital Management
Tuesday, November 18th 2014 - 07:59 UTC

German bondholders join the “me-too club” demanding payment of Argentine bonds

Bondholders, advised by the firm based in Boston Bingham McCutchen, asked US District Judge Thomas Griesa to take Argentina to court and be paid fully

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

Wednesday, November 5th 2014 - 03:43 UTC

Argentina appeals Judge Griesa's 'contempt of court' ruling

Griesa said that Argentina’s moves to strip Bank of New York Mellon as the trustee for bonds and plans to replace it with Nacion Fideicomisos was illegal

Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.

Saturday, October 25th 2014 - 10:02 UTC

Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

In a brief order Friday Griesa said the hearing, originally set for Dec. 2, will now take place Dec. 9.

U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

Wednesday, October 8th 2014 - 03:50 UTC

Brazilian and Chinese banks support for Argentina in bonds litigation confirmed

The Dilma Rousseff administration seeks “maximum discretion” for this operation while keeping the Argentine government informed, Garcia admitted

Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.

Monday, October 6th 2014 - 07:33 UTC

Italian holdouts, following on Paul Singer, present demand against Argentina

More than 200 Italian holdout bondholders and one another that lives in the Bahamas are represented by the well-known law firm Duane Morries

Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.

Saturday, September 20th 2014 - 08:11 UTC

US court dismisses Citibank and Argentina appeal: back to Judge Griesa

“We decline to find jurisdiction because the order appealed from is a clarification, not a modification, of the amended February 23, 2012 order”

A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.

Thursday, August 21st 2014 - 07:07 UTC

Aurelius Capital brands Argentine leaders 'outlaws' for flouting US courts orders

 Tuesday evening President Cristina Fernandez revealed a plan to shift interest payments to holders of the country's restructured bonds to an Argentine bank

One of two hedge funds that sued Argentina over defaulted bonds branded the country's leaders “outlaws” on Wednesday after Buenos Aires moved to shift its bond payment method.

Wednesday, August 20th 2014 - 09:22 UTC

Nervous Cristina skirts New York court and pledges to service swapped bonds in Argentina

CFK said debt holders can swap their bonds for notes with “identical terms and financial conditions, and with equal nominal value” under Argentine law.

President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a U.S. court order.

Thursday, August 14th 2014 - 06:44 UTC

Aurelius Capital confirms no deal with banks on Argentina's bonds

“Argentine officials made a cynical and cold decision in letting the country default, the worst is yet to come”, said Mark Brodsky from Aurelius

Argentine holdout creditor Aurelius Capital Management has said that after talks with many financial institutions, the prospects for finding a private-settlement solution to the Argentine sovereign debt dispute had garnered no realistic proposals.

Friday, August 1st 2014 - 08:57 UTC

Hedge fund Aurelius denies any serious proposition to buy its holdout bonds

The original version was that foreign private banks were involved in such a proposal

Aurelius Capital Management has shot down speculation that the hedge fund was fielding a viable private-sector proposal for selling its untendered Argentine sovereign debt in a bid to shorten the amount of time Argentina is in default.

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