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Griesa invokes Foreign sovereign immunities act in Argentine bonds dispute

Wednesday, October 29th 2014 - 07:01 UTC
Full article 25 comments

US judge refused on Tuesday to require Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the 539 million dollars the country deposited to pay creditors who participated in its past restructurings. Read full article


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  • ChrisR

    After more wriggling the foot of justice squashed the argies again.

    I thought they said they would pay what they owed or was TMBOA just lying through her teeth again?


    Oct 29th, 2014 - 10:26 am - Link - Report abuse 0
  • Captain Poppy

    This is the actions of a judge on the “take”? Come on you wet nursed trolls......

    Oct 29th, 2014 - 10:28 am - Link - Report abuse 0
  • Orbit

    @2 Indeed... he's just coolly and calmly applying the law ... no histrionics in front of the UN, no flapping of arms at the US gov't, no Timerman'esque clucking and bleating at random impotent organisations.

    Just the law as applicable to the case.

    Oct 29th, 2014 - 02:10 pm - Link - Report abuse 0
  • Pontefractious

    I don't understand what is going on here. Can someone explain ? I thought the funds were in an Argentine government account at BNY Mellon. This report says they are in an account at the Argentine Central Bank in the name of BNY Mellon. I can understand how the judge can freeze an account in New York. Does he really have jurisdiction to freeze an account in Argentina ? And what exactly was it the Italians were asking for and how did they think that the FSIA applied in this case ?

    Oct 29th, 2014 - 04:00 pm - Link - Report abuse 0
  • Voice

    I'm not making head nor tail of this story....
    As I read it, it is saying that Italian holdout bondholders cannot have any of these funds that were deposited by Argentina, BECAUSE of the Foreign sovereign immunities act...
    So why the praise for Griesa @1,2,3...?
    The article is surely a plus win for Argentina, in that it's funds are protected by the Act...???
    Anyone care to enlighten me as to how this is not so....

    Oct 29th, 2014 - 07:50 pm - Link - Report abuse 0
  • Monkeymagic


    Are you thick?

    Griesa is to be praised because he is applying the law even handedly.

    He is not in the pocket of the hold-outs, otherwise he'd have authorised payments, he is also not in the pocket of Argentina.

    Sadly, your stupidity and ineptitude can't see that you don't have to be on someone's “side”, you have to apply the law...that is the job of the judge.

    Hows the new Scotland, made yourself look a penis there didn't you, from “Lest we forget-1 month before the vote” to “shit your pants and vote No on the day”...LOL LOL LOL....pathetic.

    English votes for English Laws.....yay.

    Oct 29th, 2014 - 08:02 pm - Link - Report abuse 0
  • Voice

    Shut it Troll Tempest....
    Griesa had no choice in the matter.....he couldn't do fcuk all....
    Any dimwit lawyer or even Joe public could have told him Argentine funds have Sovereign Immunity.....
    He has no jurisdiction over any Foreign Country....
    More back peddling from him and there will be more to come...
    Where are the fines for contempt...?
    How the fcuk can a country be in contempt when it is protected by the Foreign Immunities Act....
    I've been waiting for this to happen...and here it is....
    There's always a dimwit like yourself that jumps in...not understanding fcuk all...
    Carry on making a fool of yourself....

    Oct 29th, 2014 - 08:25 pm - Link - Report abuse 0
  • ChrisR

    @ 6 Monkeymagic

    Have you changed your tag?


    Oct 29th, 2014 - 09:59 pm - Link - Report abuse 0
  • yankeeboy

    7. Its posts like that one that make you look like a complete moron.

    You think you're smarter than the NY Courts? SCOTUS?
    The sage from high atop in you lonely little hovel..
    Drunken fool from the wrong side of the tracks.
    Gads what an idiot.

    Oct 29th, 2014 - 10:23 pm - Link - Report abuse 0
  • Monkeymagic


    Of course he's a comple moron...I just over the way he's so quick to prove it.

    He's humiliated himself continually, even selling out all his principles because he shat his pants during the Scottish referendum.

    Best was when “the Voice” made him look a complete dick...AND the retard can't tell the difference between me and Troy.


    Oct 29th, 2014 - 10:28 pm - Link - Report abuse 0
  • yankeeboy

    Yeah, I know the type. I've been dealing with those kind my whole life.
    My guess is after a few minutes of listening to the drunken fool belching his stinking breath and loudly running his mouth over nonsense he thinks he knows something about, most people just roll their eyes and walk away.
    Every once in a while he probably gets a pop in the nose or thrown out of the bar or both.
    Nasty piece of work

    Oct 29th, 2014 - 10:33 pm - Link - Report abuse 0
  • Voice

    Hahaha...this thread is so funny.....
    The poor usual Argentine bashing trolls are stumped....
    It just wasn't what you were wanting to hear from the coffin dodging judge...was it..;-)
    Oh not good news eh...?
    Get your sandwich board out...dumb Yank and hit your usual spot on the street corner.....“The End is Nigh...ya gotta believe me..the End is Nigh”..“Seize the Gas Tankers”
    The Sun will rise tomorrow and other such predictions....PMSL......;-))))))))

    Oct 30th, 2014 - 12:22 am - Link - Report abuse 0
  • british bomber

    Hash: SHA1

    My grandmother got a letter from the solicitors last week. The English case goes ahead. Now that the Pars have bee paid these will be paid as well. The money has nothing to do with America. It is paid through Belgium and Germany. Its against the law for highway robber yank barons to steal it. An English judge will fix. We are the 93%.
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    Oct 30th, 2014 - 12:38 am - Link - Report abuse 0
  • Troy Tempest

    7 Voice

    Are you thick?

    Griesa is to be praised because he is applying the law even handedly, as I said before!

    You've come a long way in a day, from @5, “I don't understand what the fcuk is going on... someone explain it to me... ”

    to your remark @7, “... Any dimwit lawyer or even Joe public could have told him Argentine funds have Sovereign Immunity... ”

    I guess YOU would be that “dimwit”!

    Wasn't it last week that you were accusing Troy Tempest of being Anglotino or a 'non-Canadian' becuz of his telltale spelling????

    And before that, you accused Troy of being me, “Monkey Magic” because he told you to visit your local cinema, and named it correctly, right???

    Did you see what I did there?

    Hoots mon!! - I'm pulling your leg, eh!

    I have to laugh!

    Oct 30th, 2014 - 01:05 am - Link - Report abuse 0
  • Anglotino

    Hepatia's grandmother gets an awful lot of mail.

    Oct 30th, 2014 - 01:12 am - Link - Report abuse 0
  • Troy Tempest

    15 Anglotino,

    Welcome back. Are you, me????

    Hepatia's grandmother seems to get a lot of very garbled and suspicious code groups over her clandestine radio link to “ the Solicitors”!

    Oct 30th, 2014 - 01:27 am - Link - Report abuse 0
  • Voice

    Yeah... like I didn't understand the article....;-)))
    I stick the bait out there and see what I can pull in...
    Usually a kettle full...
    Ho go and check the other thread and see if Conqs bitten yet, then off onto another forum to see what's cooking...
    ...swaggers a few steps then tunefully whistles his way down the corridor ♬ ♪ ♫....

    Oct 30th, 2014 - 02:11 am - Link - Report abuse 0
  • Troy Tempest

    Sure, just like the belated switch to “No” vote, and a post to cover up your failure.

    LOL ... not as clever as you tell us you are.

    Oct 30th, 2014 - 03:12 am - Link - Report abuse 0
  • Anglotino

    Oh I see said the blind man to the deaf mute Voice!

    So the confusion at post 5 was supposedly bait?
    And the defensive reply at post 7?

    Oct 30th, 2014 - 04:29 am - Link - Report abuse 0
  • Troy Tempest

    17 a voice

    “...staggers a few steps then artlessly whines his excuses ... ”

    you are caught out - once again.

    strictly “bush league” ...


    Oct 30th, 2014 - 06:59 am - Link - Report abuse 0
  • Anglotino

    You can always tell when Voice gets something wrong; he won't let it go and gets even more belligerent than usual.

    Oct 30th, 2014 - 08:26 am - Link - Report abuse 0
  • yankeeboy

    Yeah he always doubles down when he's lost.

    BTW Who TF posts at 1-2am?
    lonely drunks
    that's who

    Oct 30th, 2014 - 09:41 am - Link - Report abuse 0
  • british bomber

    Hash: SHA1

    Now that the pars have been paid in Europe BNY is gone. I think the Argies have already pulled the money and passed it to the other bank. So there is nothing to freeze. The yank highway robber barons must be desperate now. The spread was $750M in July is now less than half that. Be nothing soon.
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    Oct 30th, 2014 - 12:59 pm - Link - Report abuse 0
  • Captain Poppy

    I see that Owl Creek investors will be seeking payments acceleration after today's 30 day grace period.

    Oct 30th, 2014 - 01:10 pm - Link - Report abuse 0
  • yankeeboy

    In the next week I think you'll see;
    Cross Default ( which means people can accelerate both loans and bonds)
    Holdin Bond Acceleration
    Dart Holdout bonds added to teh NML judgment ( possible up to U$7B added)

    And they think they can work this out in Jan 2015 and all will be well

    Like Think, Voice, Marcos, et al, CFK has been wrong on ever step.
    At least her being wrong has bought a lot of US attorneys beach houses and Bentleys.

    Oct 30th, 2014 - 01:17 pm - Link - Report abuse 0

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