MercoPress. South Atlantic News Agency
Argentina before the NY appeals court hoping ‘vulture’ funds litigation extends into 2014/15
Argentina filed two appeals before the New York Appeals Court over the dispute with the so called ‘vulture (hedge) funds’. The presentation was made a few moments before the Friday deadline and in the petition Argentina requests the revision of the 23 August ruling which orders Argentina to make effective the full payment of 1.4bn dollars (full face value of defaulted sovereign bonds plus interests) to the claimants. Read full article
Comments
Disclaimer & comment rulesMake the buggers pay, they claim they have the funds to do but have blatanly stated that they will not no matter what the ruling is.
Sep 08th, 2013 - 12:54 am - Link - Report abuse 0Oh dear, there's argieland “demanding” again. Courts don't like guilty people making “demands”. I'm no export on NY law, but is the Appeal Court obliged to accept the appeals? Could it not just say that it sees no need for the case to be reviewed or reconsidered? Especially in the case of a “uniquely recalcitrant debtor”. I suggest that the court tells argieland to stop time-wasting. The court has already rejected argieland's claims of economic disaster. The effects on the EBG are irrelevant. Argieland created the EBG. It can “un-create” it by the simple expedient of paying everyone in full!
Sep 08th, 2013 - 05:13 am - Link - Report abuse 0Conqueror, time to add this case as one more ejection to this list.
Sep 08th, 2013 - 06:49 am - Link - Report abuse 0http://www.ejection-history.org.uk/Country-By-Country/Argentina.htm
America should put sanctions on Argentina otherwise they will default again and the bond holders will not get paid.
Sep 08th, 2013 - 07:14 am - Link - Report abuse 0I don't see NY Courts taking too long to decide not to take this up. They know Arg is just trying to drag it out.
Sep 08th, 2013 - 08:50 am - Link - Report abuse 0@ 2 Conqueror
Sep 08th, 2013 - 09:06 am - Link - Report abuse 0'Demand' I am starting to wonder if that is an accurate translation from the Spanish. Any enlightenment from people fluent in Spanish (RG version) and English.
With respect to the banning of oil companies CFK claimed their activities were 'clandestine'. Now anyone fluent in English, and with any knowledge of the situation is fully aware that is not true.
I have seen a post in another thread that although the Spanish word 'translates' as 'clandestine,' in Spanish it can mean without permits etc.
Just wondering.
If SHE ( Who must be obeyed can string this out, it will not be her problem,) It will be the emcumbant who will have to pick up the pieces.
Sep 08th, 2013 - 09:30 am - Link - Report abuse 0So what happens when YPF, Banco Nacion, ENARSA, BCRA (most likely) assets are seizable?
Sep 08th, 2013 - 10:29 am - Link - Report abuse 0How long does she think she can hold out then?
#7 with our legal system, she may very well accomplish that. Speaking of USA lawyers........being a part of the system on several occasions , my favorite lawyers are the ones without access to oxygen. It has nothing to do about right or wrong in the USA. It's all about who has the deepest pockets to keep the appeals alive.
Sep 08th, 2013 - 11:48 am - Link - Report abuse 0A legal system created by lawyers, practiced by lawyers, maintained by lawyers and the oversight is..........by lawyers. She can pull this delay off.
For CFK to be able to pull off a delay she'd have to have the good will of the court and by my reading of the last judgement she lost that a long time ago.
Sep 08th, 2013 - 11:57 am - Link - Report abuse 0By doing this she just told 3 Appellate Court Judges they are wrong, really wrong and she wants 10 other Court judges to take their time to prove that they are wrong.
I don't see that happening.
There is no merit to this appeal.
My bet is NY will coordinate with Scotus and both deny more appeals.
The speaking widows reunion.
Sep 08th, 2013 - 12:46 pm - Link - Report abuse 0Just TMBOA sticking two fingers up to the NY courts: not a sensible thing to do, but who is surprised by that?
Sep 08th, 2013 - 01:12 pm - Link - Report abuse 0Off topic:
Thanks to Mr Ed for the link, haven't laughed so much for a long time.
It took three crashed argie planes to finally kill Hector Luna in his Pampers (probably not closed the fastener correctly, ha, ha). And the number of crashes due to pilot error! Still, good for a laugh.
@11 Bozo22
Sep 08th, 2013 - 01:43 pm - Link - Report abuse 0I want to ask you a hypothetical question:
Juan is a man and he borrows money from Jorge. Juan, who is an adult man, promises Jorge to pay him back and puts his signature to this promise of repayment.
I am curious about what you think.
In what case does Juan NOT have to pay Jorge back?
You took the money PAY It BACK. Other Honest countries have done so..
Sep 08th, 2013 - 07:49 pm - Link - Report abuse 0Of course Argentina has no scruples. Steal the land, kill the Rightful owners and try avoid paying their debts.
“a default on 65 billion dollars worth of exchange bonds held by innocent third parties”
Sep 08th, 2013 - 09:03 pm - Link - Report abuse 0If the murderer is sentenced to a long spell in jail, his children will suffer.
That would be really sad.
The law (and in the Argentina case, the conditions agreed upon), however, are the law and conditions. Pay!
@13
Sep 09th, 2013 - 06:31 am - Link - Report abuse 0you are thinking as a non-Argie. In Argie land, Juan is a man who “borrows” money from Jorge.
Although Juan promises and signs up to repay, he has no intention of doing so. Juan is a dishonest thieving turd, and he knows he is.
Juan thinks Jorge is stupid for trusting him, and will use Jorge trust and inherent honesty to steal whatever he can get his thieving hands on.
Do not trust Juan, do not trade with Juan, do not lend money to Juan, when juan is lying in the gutter ignore him. Juan is evil.
10-4. Is Gonzo one of these thieving, dishonest turds then?
Sep 09th, 2013 - 11:04 am - Link - Report abuse 0If I asked Gonzo the question, “Do you think Argentina should pay back the money it promised to pay back?”, what would his answer be?
He never shows the “cajones” to answer my questions to him.
@17 cojones, not cajones haha. As far as I know, Argentina is paying. Why are you so upset?
Sep 10th, 2013 - 10:11 am - Link - Report abuse 018. Argentina is not paying that is why they are in court and losing.
Sep 10th, 2013 - 10:40 am - Link - Report abuse 0@19 Wrong, as usual. Those who are now “tossing and turning” are those who did not accept the government proposal like the 76% of the bondholders did.
Sep 10th, 2013 - 10:56 am - Link - Report abuse 0Commenting for this story is now closed.
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