Tag: US 2nd Circuit Court of Appeals

US 2nd Circuit Court of Appeals
Thursday, July 18th 2013 - 08:35 UTC

IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

Lagarde sent a letter to plaintiffs anticipating the IMF move before the US Supreme Court

In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.

Saturday, April 20th 2013 - 08:39 UTC

US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

NML Capital and Aurelius, which are seeking 1.3 billion dollars, had been expected to reject the offer

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.

Thursday, April 4th 2013 - 02:47 UTC

Argentine defaulted bond-holders have until 22 April to respond to the proposed payment plan

Billionaire hedge fund manager Paul Singer has to decide if he accepts Argentina’s offer

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.

Thursday, February 28th 2013 - 06:13 UTC

Argentina urges ‘workable’ solution from US appeals court to dispute with holdout bondholders

Defence lawyer Blackman said Argentina would not “voluntarily obey” an order to pay holdout bondholders in full.

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.

Wednesday, December 5th 2012 - 00:07 UTC

US court rules in favour of Argentina: denies security deposit requested by hedge funds

Paul Singer from NML Capital will have to wait to February

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.

Monday, December 3rd 2012 - 04:54 UTC

Holdout funds want Argentina to deposit 250m by December 10

Paul Singer from NML Capital is asking for a proof of good faith from Argentina

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.

Saturday, November 17th 2012 - 23:29 UTC

Argentina in last minute effort argues possible ‘technical default’ before Judge Griesa

Judge Griesa, Cristina Fernandez and Paul Singer involved in what will be a ‘lead case’

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.

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