Tag: US 2nd Circuit Court of Appeals
US 2nd Circuit Court of AppealsUS hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit
Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.
Argentine defaulted bond-holders have until 22 April to respond to the proposed payment plan
A US appeals court gave holders of defaulted Argentina debt three weeks to respond to the country’s proposed plan to pay them much less than the 1.33 billion dollars they have sued to collect.
Argentina urges ‘workable’ solution from US appeals court to dispute with holdout bondholders
Argentina's defence urged a US appeals court on Wednesday to come up with a “workable” solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.
US court rules in favour of Argentina: denies security deposit requested by hedge funds
US appeals court refused to order Argentina to post a security deposit of at least 250 million dollars while it seeks to overturn a lower court ruling that orders it to pay holdout investors 1.33 billion.
Holdout funds want Argentina to deposit 250m by December 10
Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending.
Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa
Argentina asked a US judge late Friday night to maintain his order blocking payment on defaulted sovereign bonds to holdout investors until lingering questions are settled in a higher court's appeals process.
