Tag: Thomas Griesa

Thomas Griesa
Monday, September 15th 2014 - 06:23 UTC

Argentina confirms payment to bondholders at the end of September

Kicillof said the coupon will be paid based on a bill approved last week which allows for location transfer

Argentina will pay holders of its restructured sovereign debt, thanks to a bill passed by its Congress last week despite a US court ruling, the country's economy minister told a local radio show on Sunday.

Monday, September 15th 2014 - 04:07 UTC

Spanish Judge Garzon praises Argentina's sovereign payment bill and UN resolution

”The UN’s decision “represents a victory for Argentina and for the countries that are victims of the predatory practices” of international funds, said Garzon

Former Spanish Judge and Human Rights activist Baltasar Garzon praised the Sovereign Payment law approved by Argentina’s Congress last week and described the United Nation’s resolution for the creation of a multilateral legal framework for sovereign debt restructuring process as “essential.”

Friday, September 12th 2014 - 06:55 UTC

With the new bill “Argentina wants to pay, can pay and will pay all contracted debts”

The current financial situation has nothing to do with the last socio-economic crisis in 2001. “We are in an exactly reverse situation, in 180 degrees”

Argentine President Cristina Fernández signed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and which was approved by Congress early Thursday morning after 18 hours of debate.

Thursday, September 11th 2014 - 04:48 UTC

Judge Griesa will wait for appeals court ruling before acting on holdouts' Citibank subpoena

“It almost goes without saying whatever the court of appeals decides will have an effect on the issues we're dealing with here,” Griesa said.

US district judge Thomas Griesa has said he would wait for a decision on a pending appeal before ordering Citigroup to comply with a subpoena served by holdout investors seeking details of any threats from Argentina to process payments the court had blocked.

Wednesday, September 10th 2014 - 06:09 UTC

UN assembly sides with Argentina votes to change sovereign debt restructuring

The G77 and China initiative received 124 votes, 41 abstentions and 11 nays, among which the US, UK, Japan and Germany

The United Nations General Assembly voted overwhelmingly on Tuesday in favor of a legal framework that would help regulate restructuring of foreign sovereign debt, a project that was suggested by the Argentine government and presented before the assembly by the Group of 77 plus China.

Saturday, September 6th 2014 - 06:36 UTC

Argentina and holdouts again disagree before Pollack; end of September another deadline

Pollack said that parties met again to continue exploring possibilities, but “the issues that divide the parties remain unresolved”

Argentina still has “unresolved” issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator said Friday.

Monday, September 1st 2014 - 13:46 UTC

Timerman presents plan to regulate sovereign debts before the UN on Tuesday

The minister called for a “regulatory framework for debt restructuring process that is not only economical but political and social”

Foreign Minister Hector Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN’s General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.”

Saturday, August 30th 2014 - 08:01 UTC

Judge Griesa schedules new hearing; Argentina appeals to United Nations on holdout case

Following a request from Elliott NML Capital, US District Judge Griesa scheduled a hearing for Sept. 10 at 2:30 p.m. EDT

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.

Friday, August 29th 2014 - 05:56 UTC

Argentina will only negotiate with all bondholders: no more piecemeal debt talks

“The main aim of the draft bill is to show that Argentina can pay its debt and wants to pay its debt,” Carlos Zannini told Argentine Congress

Argentina's government ruled out further piecemeal debt talks with a small group of U.S. hedge funds (holdouts) and said the country needed to strike a deal with all bondholders including those which have rejected past restructuring agreements as a single group.

Wednesday, August 27th 2014 - 06:33 UTC

Argentina revokes BONY authorization to operate and act as trustee

Resolution 437/2014 signed by central bank President Fabrega and Superintendent Belmonte, is based on BoNY’s “non-fulfillment of the contract”

Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.

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