Tag: Paul Singer

Paul Singer
Friday, July 25th 2014 - 05:49 UTC

Holdouts lash out at Argentina: “it is choosing to default next week”

Paul Singer is head of NML Capital, together with Aurelius Capital the two main holdouts litigating with Argentina

NML Capital Ltd, one of the lead holdout creditors in Argentina's sovereign bond dispute said on Thursday the Argentine government refused to negotiate through a mediator and was all but preparing to default on already restructured debt.

Wednesday, July 23rd 2014 - 06:42 UTC

Holdouts want to sit down with Argentina and solve the dispute; 'countdown clock'

Paul Singer, head of NML Capital

Following on Tuesday's audience with Judge Thomas Griesa, NML Capital the leading speculative fund litigating with Argentina, issued a release saying “it is willing to hold a meeting with 'Special Master' Daniel Pollack and Argentina to solve the dispute”.

Friday, June 27th 2014 - 08:35 UTC

Judge Griesa calls Argentina and hedge funds for a hearing on Friday

NML urged Griesa “to address the violation of the court's order”

A US judge has scheduled a hearing for Friday after hedge funds suing to collect on defaulted debt issued by Argentina complained about the country's plans to make a payment to creditors who participated in its past restructurings.

Monday, June 23rd 2014 - 04:27 UTC

Argentina takes its differences with Judge Griesa to the US main journals

“Argentina wants to keep paying its debt, but they won't let it” reads the heading of the ads in the leading US journals

Argentina on Sunday took its battle against paying hedge fund investors in its defaulted bonds to the US media, placing adverts in major newspapers demanding US courts help foster “fair and balanced” negotiations.

Friday, June 20th 2014 - 07:21 UTC

After all: Argentina seems willing to start discussions with Griesa and hedge funds

President Cristina Fernandez rhetoric and defiant speeches are immediately reported to Judge Griesa

After a day of fury and discussions with cabinet members, advisors and experts, Argentine president Cristina Fernandez will be sending a government delegation to New York to meet Judge Thomas Griesa and the hedge funds holdouts' solicitors and begin, hopefully, a round of negotiations to reach a settlement on the bonds litigation.

Tuesday, June 17th 2014 - 07:15 UTC

Argentina will pay 92% of restructured bonds, hopefully 100% of debt, but will not accept extortions

“We want to fulfill and honor our debt, and we will do that” said Cristina Fernandez.

President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.

Monday, June 9th 2014 - 20:52 UTC

Positive scenario for Argentina's decisive battle with hedge funds later this week

Hedge funds' Singer appeal to Judge Griesa on alleged Argentine plans to ignore rulings, but was rejected

New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.

Saturday, May 31st 2014 - 06:50 UTC

Argentina tells Judge Griesa it has no plans to evade paying holdouts

Judge Thomas Griesa in New York questioned lawyers for Argentina about a leaked memo

Argentina's lawyers tried on Friday to assure a US federal judge that it would not evade orders to pay 1.33 billion dollars to bondholders who refused to accept its debt-restructuring offers, if the US Supreme Court (on 12 June) declines the case.

Friday, May 9th 2014 - 07:11 UTC

Holdout bondholders tell US Supreme Court Argentina's case is “undeserving of review”

“Argentina has put itself in the position of a fugitive from justice” said former US federal judges in support of holdouts

Holders of Argentine sovereign debt this week asked the U.S. Supreme Court not to hear that country's appeal of lower court decisions ordering it to pay them 1.33 billion dollars in a case Argentine officials warn could force it to default on its sovereign debt.

Wednesday, April 30th 2014 - 03:49 UTC

Holdout hedge funds admit they prefer to negotiate with whoever succeeds Cristina Fernandez

Paul Singer also described the team of Finance minister Kicillof as “inexperienced”

Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.

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