Tag: Vulture funds

Vulture funds
Saturday, October 25th 2014 - 10:09 UTC

Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

“EM now seeks an injunction from this court that is the same as the injunction that was issued in NML v. Argentina,” Dart’s hedge fund said

Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.

Thursday, October 9th 2014 - 08:23 UTC

“Holdouts” reveal alleged money laundering operations of business people close to Cristina Fernandez

Lazaro Baez is a public works contractor in the southern province of Santa Cruz, political turf of the Kirchner couple

The American Task Force (AFTA) sponsored by 'holdouts' NML in litigation with Argentina over sovereign bonds payment, revealed on Wednesday foreign accounts of Argentine public works contractor, believed to be involved with the Kirchner family businesses, Lazaro Baez, and showed a map with the money movement, allegedly committing the crime of money laundering.

Tuesday, October 7th 2014 - 06:16 UTC

Ambassador Castro criticizes 'holdouts' and thanks UK unions' support for Argentina

“Trade unions the world over condemn this ruthless profiteering strategy led by the vulture funds that aim to undermine our economy”, said Ms Castro

Argentine ambassador in the United Kingdom, Alicia Castro has fiercely criticized the conduct of holdout investors and thanked UK unions for their support in the dispute with 'vulture funds', during an address to the British umbrella trade union UNITE.

Tuesday, October 7th 2014 - 06:04 UTC

IMF urges changes in sovereign bonds' contracts, following Argentina's case

The IMF report said that the standard “pari passu” or “equal treatment” clause in Argentine bond contracts permitted holdouts to make their claim for 100%.

The International Monetary Fund on Monday urged changes in sovereign bond contracts as Argentina remained mired in a US court battle with holdouts or “vulture funds” years after its massive debt restructuring.

Friday, October 3rd 2014 - 07:36 UTC

Brazil private sector wants to help Argentina in the dispute with 'holdouts'

The news was published by Ambito Financiero and involves comments from Brazilian presidential advisor Marco Aurelio Garcia

According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.

Wednesday, October 1st 2014 - 07:42 UTC

Argentine president claims the US wants her removed: “if something happens to me, look North”

“If something happens to me, look north. Not east” warned the President who also blasted the ruling by US Federal ('municipal' and 'senile') judge Griesa (Pic Telam)

Argentine president Cristina Fernandez defiantly claimed on Tuesday that financial, industrial and local political groups together with outside support want to remove her from office, and warned that “if something happens to me, don't look to the Mid East, look North” in clear reference to the United States.

Monday, September 29th 2014 - 22:26 UTC

Ambassador Castro thanks British unions for support in 'vulture funds' and Malvinas disputes

Ambassador Castro addressing the UK Communication Workers Union’s (CWU) Annual Women’s Congress, held last Saturday in Leeds.

In a speech delivered to over three hundred trade union delegates, Argentine ambassador in London Alicia Castro thanked the British unions for their support in fighting the 'vulture funds' and in backing the call for dialogue on the question of the Falklands/Malvinas, while praising progress made by Argentina regarding the role of women.

Saturday, September 27th 2014 - 09:24 UTC

Argentina lashes Griesa for not making a final decision on the Citibank dispute

Kicillof argued that with one-off payment order, Griesa is harming Argentina and bond holders, which are hostage of the 'vulture funds'

Argentina's Economy minister Axel Kicillof lashed out at US Judge Thomas Griesa after he authorized Citibank a one-off payment of Argentine bonds' coupon next Tuesday saying he once again failed to address the heart of the issue and also in fact recognized that bonds under Argentine law do not belong to his jurisdiction.

Saturday, September 27th 2014 - 07:59 UTC

UN Human Rights Council sides with Argentina condemns 'vulture funds'

“Vulture funds will not stop until we put the break on,” Argentina Foreign Minister Hector Timerman

The United Nations Human Rights Council meeting in Geneva on Friday adopted an Argentine-fueled resolution which condemns the so called 'holdouts' or “vulture funds”, currently in a legal dispute against the country.

Monday, September 22nd 2014 - 04:44 UTC

Cristina Fernandez to address the UN General Assembly on Wednesday

The struggle with the hedge funds (vulture funds) is expected to concentrate the presidential speech

Following her meeting with Pope Francis at the Vatican, Argentine President Cristina Fernandez arrived in New York, where she is expected to deliver a speech at the UN’s 69th General Assembly on Wednesday.

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