Tag: Paul SingerPaul Singer
One of the wealthiest and most influential Republican donors — who also happens to be in the midst of a legal battle with Argentina over defaulted-debt — is throwing his support behind the presidential campaign of US Republican Senator Marco Rubio of Florida, according to a New York Times report.
The New York Court of Appeals has decided to push back its decision on Argentina for another week, as the Cristina Fernandez administration seeks to overturn the contempt ruling imposed by judge Thomas Griesa in the ongoing conflict against holdout investors.
Paul Singer-controlled NML Capital said that the hedge fund, as well as other holders of Argentine debt, made a deal with Citibank regarding the legal dispute at New York courts over Argentine-law bonds.
US website to honor Nisman has among its sponsors the head of a hedge fund in litigation with Argentina
A Washington-based think-tank launched a website and award to honor the memory of late AMIA special prosecutor Alberto Nisman yet its founders raised a few eyebrows as they include someone who has an ongoing court case and regularly spoken ill of Argentina.
The Argentine government will present on Thursday its appellant’s brief over the contempt of court ordered by New York Judge Thomas Griesa, the Economy Ministry has confirmed. Griesa had ruled Argentina in contempt of his orders due to working on a plan to shift control over payments of its restructured debt to Buenos Aires.
Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.
Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls.
Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.
Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing to negotiate but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.
The US judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.