Tag: hedge funds

hedge funds
Tuesday, April 22nd 2014 - 06:45 UTC

US Supreme Court inclined to limit disclosure of Argentine non-US assets

Chief Justice Roberts Jr. said that request went too far, “how many jet fighters Argentina happens to have”

US Supreme Court justices seemed to indicate on Monday that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to hedge bond investors. The US administration of President Barack Obama sided with Argentina based on the foreign sovereignty immunity act.

Wednesday, March 26th 2014 - 05:33 UTC

Country and organizations support for Argentina's litigation with hedge funds increases

The US Supreme Court could make Argentina's a lead case

Argentina underlined the support from Brazil, France, Mexico, (even the IMF), among other institutions in the country's long exhausting litigation with hedge funds, an issue which is “crucial for Argentina and the whole international financial system”.

Monday, March 24th 2014 - 06:55 UTC

Brazil, France and Mexico to file papers before the US Supreme Court in support of Argentina

The case is being closely watched because of its potential impact on future sovereign debt restructurings.

Brazil, France and Mexico are expected to file papers in the US Supreme Court on Monday backing Argentina in its legal battle with bondholders who refused to take part in debt restructurings from the country's 2002 default, according to a source familiar with the litigation.

Thursday, March 20th 2014 - 07:11 UTC

Argentina secures French support for its ongoing litigations with hedge funds

Cristina Fernandez and Hollande at the Elysee Palace: “France wants Argentina to overcome its financial bustles”

President Cristina Fernández praised the decision by France to file an 'amicus curiae' brief before the US Supreme Court, in a show of support to Argentina in its long-standing battle against speculative fund creditors, and also secured the backing of the French government to settle a 9.5bn dollars dispute with the Paris Club.

Friday, February 21st 2014 - 07:06 UTC

Argentine restructured bondholders appeal to the US Supreme Court

Judge Griesa ruling triggered the controversy

A group of bondholders that entered the restructuring of Argentine debt in 2005 and 2010 have presented their own appeal before the United States Supreme Court, in the case involving the so-called holdout hedge funds. The petition, made public on Thursday, mirrors a similar appeal carried out on Tuesday by the Argentine 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.

Monday, February 17th 2014 - 09:03 UTC

Argentina vs hedge funds: second chapter of appeal before the US Supreme Court

The nine Justices that will decide whether they take the Argentine case

The Argentine government will appeal on Monday before the US Supreme Court for the second time against the hedge funds claim. The Supreme Court is the last judiciary step in the dispute.

Tuesday, January 28th 2014 - 22:44 UTC

Hedge fund CEO says that dispute with Argentina could be settled 'in an afternoon'

Paul Singer described Argentine public policies as 'horrendous'

Paul Singer, CEO of hedge fund Elliott Management Corporation and who is litigating Argentina demanding full payment of defaulted bonds described Argentina's government policies as 'horrendous' and stated that 'talking' he could settle the dispute 'in an afternoon'.

Saturday, January 11th 2014 - 06:57 UTC

US Supreme Court agrees to consider Argentina litigation case with hedge funds

A decision from the Supreme Court is expected by the end of June

The US Supreme Court agreed on Friday to consider a dispute over subpoenas in a case stemming from long-running litigation over Argentina's obligations to bond investors in the wake of its default on 100 billion dollars in sovereign debt in 2002.

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.

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