Tag: Thomas Griesa

Thomas Griesa
Wednesday, December 17th 2014 - 13:11 UTC

US Court of Appeals will hear Argentine case on assets disclosure

Argentina attorneys have filed an appeal against Griesa’s ruling asking local banks for information on Argentina’s assets, which is known as “discovery.”

US Court of Appeals for the Second Circuit in Manhattan this Wednesday morning will hear Argentina’s appeal against US Judge Thomas Griesa’s order to Argentine banks to provide information on the state’s assets.

Thursday, December 11th 2014 - 11:29 UTC

Argentine argues before NY Appeals court the central bank is not an 'alter ego' of the administration

Holdouts said the Argentine Central Bank is liable for embargo due to its links with the President Cristina Fernández administration

Lawyers representing the Argentine government and the Central Bank have defended the country's stance on the debt conflict in a hearing with the New York Second Circuit Appeals Court, rejecting the notion that holdout investors could confiscate reserves or assets belonging to the financial entity.

Saturday, December 6th 2014 - 00:30 UTC

Argentina offers advance payment of 2015 maturing bonds to head off speculation

“The aim is to curb speculation, to allow Argentina to follow its debt restructuring path and to provide investors complete certainty” said Kicillof

Argentina's government offered this week to make full early payment on a local dollar-denominated bond to head off speculation that its legal battle with U.S. hedge funds will make it unable to service its debt.

Friday, November 28th 2014 - 06:17 UTC

Griesa rejects payment request from investors holding Argentine bonds in Euros

“I cannot make more exceptions” said Griesa and ordered that the payment of interest for those bonds remain frozen in the Bank of New York Mellon.

US Federal judge Thomas Griesa has rejected a request by European investors seeking payment on Argentine titles currently blocked in New York, despite an ongoing parallel court battle over the issue in London.

Tuesday, November 18th 2014 - 07:59 UTC

German bondholders join the “me-too club” demanding payment of Argentine bonds

Bondholders, advised by the firm based in Boston Bingham McCutchen, asked US District Judge Thomas Griesa to take Argentina to court and be paid fully

Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.

Tuesday, November 11th 2014 - 07:25 UTC

Griesa authorizes Citibank to pay restructured bonds under Argentine law

Griesa's order gives Citigroup further breathing room in the ongoing dispute between the hedge funds and Argentina

New York District judge Thomas Griesa has authorized Citibank to complete the transfer of 85 million dollars to holders of restructured Argentine bonds under Argentine law, meeting debt services that expire on December 31.

Sunday, November 9th 2014 - 10:35 UTC

Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

Carmine Boccuzzi told Griesa that holders of Argentina’s defaulted debt will seek to have his 2012 order applied in their cases

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.

Thursday, November 6th 2014 - 07:22 UTC

Argentina and hedge fund NML Capital ratify their commitment to keep fighting

“If someone thinks that on January first Argentina will go on its knees to negotiate with vulture funds, he is getting it all wrong” said Vanoli, central bank chief

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.

Wednesday, November 5th 2014 - 03:43 UTC

Argentina appeals Judge Griesa's 'contempt of court' ruling

Griesa said that Argentina’s moves to strip Bank of New York Mellon as the trustee for bonds and plans to replace it with Nacion Fideicomisos was illegal

Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.

Thursday, October 30th 2014 - 21:36 UTC

Argentina tells bondholders to take legal action against Judge Griesa who is 'withholding funds'

“Instead of demanding the acceleration, bondholders should take legal actions against Griesa who is improperly withholding funds” said Capitanich

Argentine Cabinet chief Jorge Capitanich called bondholders to “take legal action against (US Judge Thomas) Griesa instead of demanding the acceleration of (Argentine) bonds,” following rumors that Owl Creek Asset Management LP is discussing the formation of a group to demand immediate repayment on bonds.

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