Tag: Vulture funds

Vulture funds
Thursday, March 27th 2014 - 08:38 UTC

US Supreme Court confirms Argentina has friends in its litigation with hedge funds

The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the hedge funds which the administration President Cristina Fernandez refers to as 'vulture funds'.

Friday, March 14th 2014 - 08:42 UTC

US will not side with Argentina in its dispute with hedge funds, says Kerry

Secretary of State in Congress answered a specific question on Argentina and its litigations

US Secretary of State, John Kerry has rejected the possibility that the Barack Obama administration would side with Argentina in the long-standing dispute with hedge funds over the defaulted bonds from the 2001/2 meltdown. Still the US official praised what he considered some “positive steps” by the Cristina Fernandez government.

Thursday, March 6th 2014 - 05:06 UTC

US government files 'friendly' support for Argentina before the Supreme Court

The second time that the document carries the signature of US General Attorney, Donald Verrilli Jr.

The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the hedge funds which the government of president Cristina Fernández refers to as ‘Vulture Funds’.

Wednesday, January 29th 2014 - 21:36 UTC

Hedge fund boss Singer rejects as 'bizarre' Argentine bondholders offer

Singer insists in negotiating directly with Argentina and described the offer as a 'stunt'

Paul Singer, head of Elliot Management Corp., defined as “bizarre”, the bondholders’ offer to resolve judicially the dispute with Argentina over the debt in default from 2001, during in a letter sent to investors and published by Bloomberg News.

Tuesday, January 28th 2014 - 22:44 UTC

Hedge fund CEO says that dispute with Argentina could be settled 'in an afternoon'

Paul Singer described Argentine public policies as 'horrendous'

Paul Singer, CEO of hedge fund Elliott Management Corporation and who is litigating Argentina demanding full payment of defaulted bonds described Argentina's government policies as 'horrendous' and stated that 'talking' he could settle the dispute 'in an afternoon'.

Saturday, December 7th 2013 - 06:08 UTC

US government intervenes in favor of Argentina in defaulted-bonds ongoing case

Verrilli: the appeals court “erroneously permitted blanket discovery into a foreign state's assets located outside the United States.”

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.

Monday, December 2nd 2013 - 16:29 UTC

Argentina concerned with 'US and UK national debt and monetary basis'

Cabinet chief Capitanich reacted to Washington’s concerns

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”.

Wednesday, October 16th 2013 - 08:18 UTC

Hedge funds request US Appeals court to lift hold on a ruling to repay holders

“The stay has allowed Argentina to indulge its desire not to pay what it owes and can afford to pay,” the hedge funds' lawyers said in court papers.

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.

Friday, October 4th 2013 - 17:05 UTC

Cristina Fernandez accuses “part of US judiciary” of wanting Argentina to default

“We will not be watching with our arms folded”, said President Cristina Fernandez

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.

Monday, September 30th 2013 - 17:00 UTC

Argentina hopes US Supreme Court hears its case with the hedge funds

If the US Supreme Court hears the case, the trial will go well into 2014

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.

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