MercoPress. South Atlantic News Agency
Italian bondholders' representative supports Argentina decision to change debt's jurisdiction
“I care about the money reaching bondholders’ pockets” stressed Zembo The Italian legal representative of Argentine bondholders, Tullio Zembo praised the Sovereign Public Debt Payment Law announced by President Cristina Fernandez, saying the decision to change the debt’s jurisdiction to Buenos Aires is “probably the most appropriate.”
Zembo said that the Argentine government's proposal to remove bank of New York Mellon (BoNY) as payment agent “should be accepted” in order to “guarantee payment in time and manner, as it has been so far.” The Italian lawyer said this decision was “inevitable” because “no other solution was available.”
“I would tell bondholders to receive payment,” Zembo said and called on exchange creditors to agree on the voluntary change of jurisdiction proposed by Argentina to “end (the dispute) once and for all” .
“I care about the money reaching bondholders’ pockets,” he stressed.
Zembo highlighted “Argentina’s willingness to pay,” challenged by US Judge Thomas Griesa’s order to block the deposits made by the government at the Bank of New York Mellon.
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Read all commentsYes, there IS another solution Zombie: The Dark Country should pay what it owes to everybody in accordance with Griesa's instructions.
Aug 21st, 2014 - 12:15 pm 0END OF.
Italians in retreat again!
Aug 21st, 2014 - 12:23 pm 0trousers down,asume the postion ,your about to get f**cked again!
#2 they are stuck in that mode since WWII.
Aug 21st, 2014 - 02:01 pm 0Commenting for this story is now closed.
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