United States

United States
Friday, June 27th 2014 - 07:42 UTC

US Supreme Court rules police need a warrant to search cell-phone of arrested suspects

Roberts admitted that the decision will have an impact on combating crime, but the right to privacy “comes at a cost.”

The US Supreme Court ruled that police officers usually need a warrant before they can search the cell-phone of an arrested suspect, a major decision in favor of privacy rights at a time of increasing concern over government encroachment in digital communications.

Thursday, June 26th 2014 - 04:40 UTC

UN agency warns Argentina debt ruling does not comply with US sovereign immunities act

The rulings “set legal precedents which could have profound consequences for the international financial system”, UNCTAD said

The United Nations trade and development agency UNCTAD said on Wednesday in a rare release that the recent U.S. court ruling on Argentina's debt erodes sovereign immunity and does not comply with the country's own U.S. Foreign Sovereign Immunities Act.

Thursday, June 26th 2014 - 01:01 UTC

Argentina insists on dialogue but “technical default” is round the corner, Kicillof tells G77

The Argentine minister addressing G77 plus China ambassadors at the UN building in New York  (Pic AP)

Economy minister Axel Kicillof said US courts haven't yet responded to Argentina's request this week for more time to negotiate a settlement with a small group of holdout creditors and warned the country could face a technical default next Monday if the sentence remains firm.

Thursday, June 26th 2014 - 00:14 UTC

Mediator Pollack meets with Argentina and holdouts' solicitors

Pollack also anticipated he would not be making anymore statements on the discussions

Mediator Daniel Pollack named by New York Judge Thomas Griesa to try and help reach an understanding in the long running dispute between Argentina and the holdout hedge bond holders, said he had already held meetings with the solicitors from both sides. However he only revealed that discussions will continue until a resolution is reached.

Wednesday, June 25th 2014 - 06:46 UTC

Argentina waiting for Judge Griesa's reply on the 'stay' request

 Carmine D. Boccuzzi presented the letter requesting the stay and a reasonable timeframe for these kinds of negotiations  (Pic gettyimagines)

The government of President Cristina Fernandez awaits Judge Griesa's decision after the request to issue a stay on the ruling that orders Argentina to pay all the bondholders at the same time, Argentine Cabinet Chief Jorge Capitanich said in his daily press briefing at Government House on Tuesday.

Tuesday, June 24th 2014 - 23:52 UTC

Unasur sides with Argentina and warns about “global financial stability”

The behavior of speculative agents “endanger the agreements reached between debtors and creditors”

The Union of Southern Nations (UNASUR) expressed its solidarity with Argentina after US Supreme Court decision to dismiss the country’s appeal in its legal dispute with holdout hedge funds, rejecting “the behavior of speculative agents that endanger the agreements reached between debtors and creditors”.

Tuesday, June 24th 2014 - 06:54 UTC

Griesa appoints mediator for talks between Argentina and holdout hedge funds

Daniel Pollack was named as “special master to conduct and preside over settlement negotiations”

New York district court judge Thomas Griesa on Monday appointed a Manhattan attorney to supervise talks between Argentina and hedge fund holdout bondholders after the government of President Cristina Fernandez asked him to organize negotiations with its creditors.

Tuesday, June 24th 2014 - 06:42 UTC

Argentina requests a 'stay' order on the ruling favoring holdout creditors

“We consider it essential that Judge Griesa issue a stay so that Argentina can continue paying the holders of restructured bonds”, said Kicillof

Argentina asked a U.S. judge on Monday to issue a stay of his ruling against the country in its case against “holdout” creditors as it sought to avoid a possible new default. The country is in a 12-year-old legal fight with investors who declined to participate in bond restructurings (2005 and 2010) after the country defaulted on 100 billion dollars in sovereign debt in 2002.

Monday, June 23rd 2014 - 04:27 UTC

Argentina takes its differences with Judge Griesa to the US main journals

“Argentina wants to keep paying its debt, but they won't let it” reads the heading of the ads in the leading US journals

Argentina on Sunday took its battle against paying hedge fund investors in its defaulted bonds to the US media, placing adverts in major newspapers demanding US courts help foster “fair and balanced” negotiations.

Saturday, June 21st 2014 - 09:45 UTC

Strong warning to Argentina from Griesa regarding payment of bondholders

US Federal Judge Thomas Griesa

US Federal Judge Thomas Griesa, ratified on Friday through an official letter that Argentina’s proposal to carry out a debt exchange and pay its bondholders in Buenos Aires represents a “violation of the rulings and procedures.”

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