Tag: Paul Singer

Paul Singer
Wednesday, March 26th 2014 - 05:54 UTC

NML Capital targets Argentina's contract for satellite launches with private US company

SpaceX, owned and operated by technology entrepreneur Elon Musk has a contract for the launching of at least two Argentine satellites

An Argentine bondholder seeking to collect on hundreds of millions of dollars in judgments stemming from the country's historic 2002 default filed a lawsuit on Tuesday aiming to take control of the country's rights under a contract for satellite launches with a private US firm.

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 6th 2014 - 05:06 UTC

US government files 'friendly' support for Argentina before the Supreme Court

The second time that the document carries the signature of US General Attorney, Donald Verrilli Jr.

The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the hedge funds which the government of president Cristina Fernández refers to as ‘Vulture Funds’.

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.

Wednesday, January 29th 2014 - 21:36 UTC

Hedge fund boss Singer rejects as 'bizarre' Argentine bondholders offer

Singer insists in negotiating directly with Argentina and described the offer as a 'stunt'

Paul Singer, head of Elliot Management Corp., defined as “bizarre”, the bondholders’ offer to resolve judicially the dispute with Argentina over the debt in default from 2001, during in a letter sent to investors and published by Bloomberg News.

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.

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.

Thursday, October 31st 2013 - 20:44 UTC

Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina

Paul Singer blasted the US Federal Reserve's easy money policies which “have distorted the economy and created big risks for markets and investors alike”

In a letter to investors dated October 28, Elliott Management said it remained hopeful that a “consensual resolution” can be achieved with Argentina regarding the hedge funds dispute. Elliott, which ranks among the industry's most enduring funds, having opened in 1977 with one million dollars in assets, tried to force Argentina to make full payment on bonds it bought more than a decade ago.

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