Tag: NML Capital Ltd
NML Capital LtdAs the US before IMF lines up behind Argentina in the litigation with hedge funds
For the first time since the litigation of hedge funds against Argentina the International Monetary Fund warned about the ‘risks’ which would entail ratifying Judge Thomas Griesa ruling condemning Argentina to pay over a billion dollars plus interests to the so called ‘vulture funds’.
Argentine defaulted bond-holders have until 22 April to respond to the proposed payment plan
A US appeals court gave holders of defaulted Argentina debt three weeks to respond to the country’s proposed plan to pay them much less than the 1.33 billion dollars they have sued to collect.
Argentina prepares for the ‘mother of all battles’ against ‘holdout’ bondholders
Argentina has made its final written arguments ahead of a February 27 US courtroom showdown against “holdout” bondholders demanding full payment of capital plus interests for sovereign debt from the default of more than a decade ago.
Cristina at the helm for ARA Libertad grand welcome party in Mar del Plata
The frigate ARA Libertad is already in Argentine waters and is scheduled to arrive Wednesday to the port of Mar del Plata, escorted by dozens of yachts and other vessels, to a huge reception ceremony headed by President Cristina Fernandez, ministers and top officials.
Argentina charters private UK plane for Cristina Fernandez next tour to avoid legal surprises
The Argentine government issued a statement in response to a recent piece published on the British tabloid “The Sun”, and assured that President Cristina Fernández will fly in a private plane on her next tour to avoid a potential impounding of the official presidential plane by vulture funds.
Argentina gains a new ally in its fight against hedge funds: WEF’ Schwab
Argentina’s worldwide court battles against the hedge funds which did not accept the restructuring of its defaulted debt and are after the country’s assets, has gained another ally, the president of the World Economic Forum, (WEF) Klaus Schwab.
ARA Libertad: Ghana port authority lost 7.6m dollars; could demand NML Capital
Ghana’s Ports and Harbours Authority (GPHA) admits to having lost 7.6 million dollars as a result of the Argentine frigate ARA Libertad's occupation of its prime berth for a period of 76 days, reports Accra’s Graphic Online.
ARA Libertad is in the high seas; great reception in Mar del Plata on 9 January
The Argentine Navy flagship ARA Libertad set sail for Mar del Plata on Wednesday four days after a UN court ordered its release from the Tema port in Accra, Ghana, following a 77 day embargo (since 2 October) due to a claim by vulture fund NML Capital.
Ghanaian government confirms the release of ARA Libertad
The Ghanaian government confirmed on Tuesday it would comply with the UN Law of the Sea court decision to release the Argentine navy flagship ARA Libertad, impounded in Tema since October 2, over a debt dispute between a US hedge fund and the Argentine government.
Argentina says Belgian highest court rules against seizure of diplomatic accounts
The Belgian Supreme Court threw out an attempt by hedge funds to seize Argentina’s diplomatic accounts in that country, according to a release on Monday from the Argentine Foreign ministry.
