Tag: NML Capital Ltd

NML Capital Ltd
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.

Friday, May 24th 2013 - 07:10 UTC

As the US before IMF lines up behind Argentina in the litigation with hedge funds

IMF fears the negative impact on other sovereign debt restructuring processes

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’.

Thursday, April 4th 2013 - 02:47 UTC

Argentine defaulted bond-holders have until 22 April to respond to the proposed payment plan

Billionaire hedge fund manager Paul Singer has to decide if he accepts Argentina’s offer

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.

Monday, February 4th 2013 - 04:51 UTC

Argentina prepares for the ‘mother of all battles’ against ‘holdout’ bondholders

The US said that to award full payment to holdouts could harm finances of emerging market countries and complicate future sovereign debt restructurings.

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.

Tuesday, January 8th 2013 - 20:12 UTC

Cristina at the helm for ARA Libertad grand welcome party in Mar del Plata

The Argentine president in epic posture leading through the storm

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.

Tuesday, January 8th 2013 - 00:07 UTC

Argentina charters private UK plane for Cristina Fernandez next tour to avoid legal surprises

Presidential spokesperson Parrilli blasted The Sun for falsely reporting and recalls the sensationalist daily belongs to Murdoch

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.

Monday, January 7th 2013 - 14:14 UTC

Argentina gains a new ally in its fight against hedge funds: WEF’ Schwab

Klaus Schwab said that new international rules are needed to address speculative funds (hedge funds)

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.

Thursday, December 20th 2012 - 18:00 UTC

ARA Libertad: Ghana port authority lost 7.6m dollars; could demand NML Capital

The Argentine Navy flagship since 2 October occupied a prime berth

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.

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