Tag: Vulture fundsVulture funds
The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.
Argentina's cabinet chief on Monday hit back at the United States reacting to comments from the White House on the Argentine central bank reserves saying he was worried about the US and UK debt levels, the US debt reaches over 100% of GDP.
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.
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.
The US Supreme Court was scheduled to meet behind closed doors on Monday to decide whether to hear a high-profile appeal by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country's 2002 default.
Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes
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.
In her speech to the 68th United Nations General Assembly on Tuesday Argentine President Cristina Fernandez stressed that regulating the financial markets is a human rights issue and claimed that Argentina has been a repeat victim of shady financial entities such as the 'vulture funds', despite having repeatedly proved it is prepared to honour debt commitments.
The US Supreme Court will use its Sept. 30 private conference to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. The schedule, revealed on Wednesday on the court’s public docket, means the justices may say as early as Oct. 1 whether they will review a 2012 federal appeals court ruling that requires Argentina to pay holders of defaulted bonds if the country makes payments on restructured debt.
President Cristina Fernández spoke out against the US refusal to discuss Argentina’s dispute with the so-called ‘vulture funds’, (and its inclusion in the final declaration) during the G-20 meeting in Moscow, Russia.
After arriving in Russia for the two-day G20 summit, Argentine President Cristina Fernández stressed she will be addressing the “vulture funds issue” during the summit despite the US rejected to mention it in the final statement.