Tag: Thomas Griesa

Thomas Griesa
Thursday, March 27th 2014 - 08:38 UTC

US Supreme Court confirms Argentina has friends in its litigation with hedge funds

The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the hedge funds which the administration President Cristina Fernandez refers to as 'vulture funds'.

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.

Friday, February 21st 2014 - 07:06 UTC

Argentine restructured bondholders appeal to the US Supreme Court

Judge Griesa ruling triggered the controversy

A group of bondholders that entered the restructuring of Argentine debt in 2005 and 2010 have presented their own appeal before the United States Supreme Court, in the case involving the so-called holdout hedge funds. The petition, made public on Thursday, mirrors a similar appeal carried out on Tuesday by the Argentine government.

Tuesday, November 19th 2013 - 08:43 UTC

Argentina vs. hedge funds: Appeals court latest ruling opens the way to the US Supreme Court

Robert Koenigsberger, managing partner and chief investment officer of Gramercy Funds Management

A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.

Saturday, October 26th 2013 - 15:54 UTC

Argentina appeals New York Judge Griesa's order regarding banks' disclosures

Judge Griesa wanted banks to turn over information on Argentina's assets

The Argentine government yesterday appealed an order by US Judge Thomas Griesa who asked some private banks to turn over information about Argentina’s assets abroad. The case had been started by hedge fund Elliott Management Corp’s NML Capital Ltd which is demanding in court full 100% payment of Argentine sovereign bonds face value.

Wednesday, October 16th 2013 - 08:18 UTC

Hedge funds request US Appeals court to lift hold on a ruling to repay holders

“The stay has allowed Argentina to indulge its desire not to pay what it owes and can afford to pay,” the hedge funds' lawyers said in court papers.

US hedge funds fighting Argentina for repayment on defaulted debt asked a US appeals court on Tuesday to lift its hold on a ruling that ordered Argentina to repay the holders.

Monday, October 7th 2013 - 15:42 UTC

Breathing space for Argentina’s bonds case: litigation continues at US appeals court level

US Supreme Court non-action decision means it will not at this time review the October 2012 ruling

The U.S. Supreme Court left intact a ruling that may force Argentina to make payments on defaulted government bonds, rejecting that country’s appeal in a clash that has roiled its financial markets. The justices, without comment, on Monday let stand a 2012 U.S. appeals court decision that bars Argentina from making payments on 24 billion in restructured debt unless it also pays owners of the earlier repudiated bonds.

Friday, October 4th 2013 - 17:05 UTC

Cristina Fernandez accuses “part of US judiciary” of wanting Argentina to default

“We will not be watching with our arms folded”, said President Cristina Fernandez

Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina “to default”, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.

Thursday, September 26th 2013 - 22:43 UTC

Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes

According to US law central bank reserves deposited in the Fed enjoy sovereign immunity

New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.

Friday, August 30th 2013 - 02:00 UTC

Judge Griesa looking into latest announcements by president Cristina Fernandez

A Thursday hearing with solicitors from both litigants was suspended by the US judge

A court hearing in New York scheduled for Thursday midday between hedge funds holders of Argentine defaulted bond and lawyers for the Argentine government was called off on request from the holdouts.

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