MercoPress. South Atlantic News Agency
English court involved in Argentine bonds dispute with hedge funds
A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law. Read full article
Comments
Disclaimer & comment rulesSo it seems that British Bomber is more prophetic than Yankeeboy...hasn't he be saying that this was going to happen for months....
Nov 07th, 2014 - 11:36 pm - Link - Report abuse 0Laws that America is subjected are the Chinese laws. The Angles have lost importance. Who's in charge now are the Chinese.
Nov 07th, 2014 - 11:48 pm - Link - Report abuse 0The truth is this: if Western disappear now, no one would miss.
If God came back to earth and said that Argentina must pay. We, in South America would not allow!
https://www.youtube.com/watch?v=bPfY_SlcFd4&index=4&list=FLmXPTu1f8AdGlizWNiASx2A
@ #1 Voice: alas 'British Bomber' is another fake troll operated by 'Hepertia' (or vica versa). Nothing prohetic about these two two charlatans.
Nov 08th, 2014 - 12:15 am - Link - Report abuse 0And, looks like we got a new operator for 'Brasileiro'; who now amazingly speaks proper english?
You're frozen!
Nov 08th, 2014 - 12:33 am - Link - Report abuse 0Summer is coming!
https://www.youtube.com/watch?v=dq8MRs0t2sQ&index=12&list=FLmXPTu1f8AdGlizWNiASx2A
Wow, it's amazing who Voice believes and who he doesn't.
Nov 08th, 2014 - 12:42 am - Link - Report abuse 0Very telling!
....just saying YB has been toppled from his amazing predictions by BB.....
Nov 08th, 2014 - 01:03 am - Link - Report abuse 0besides I'm partial to 'Mashy' Peas from 'Ull....;-)
Vocês querem ver aproximação?
Nov 08th, 2014 - 01:06 am - Link - Report abuse 0Vejam Suécia e Brasil.
Vejam o Gripen.
Vejam o reconhecimento do Estado Palestino.
Vejam!
https://www.youtube.com/watch?v=N1AqQ7XZvCw&list=FLmXPTu1f8AdGlizWNiASx2A&index=1
Voice. Did you actually read the article?
Nov 08th, 2014 - 01:42 am - Link - Report abuse 0No. Thought not.
This isn't about the Argentine bonds issued under NY jurisdiction, it's about completely different Argentine bonds issued under English law.
So Yankeeboy was correct, wasn't he? No foreign court will interfere with Judge Griesa's ruling, just as no foreign court will interfere with the English judges ruling, once he has made it.
Is that so hard for you to comprehend?
But it shows that no one will trust the Argentine legal system regarding bonds, so it appears that just about every bond Argentina has sold in the past, was issued under some other countries jurisdiction.
Does't look too good for Argentina, does it?
8 LEPR
Nov 08th, 2014 - 05:58 am - Link - Report abuse 0“Is that so hard for you to comprehend?”
Voice comprehends ok, he just has something against YB - he'll create a opportunity to slag him wherever he thinks he can.
Creep.
...what part of my comments did you two fuckwits fail to comprehend...???
Nov 08th, 2014 - 07:56 am - Link - Report abuse 0Has BB been saying thins for months?..Yes he has.....
WTF are you talking about ...where does it mention in my comment about anyone being correct or incorrect,,,?
Get yourself down to Specsavers or learn to read.....
....is that too difficult for you to comprehend...?
(10) Mr. Voice
Nov 08th, 2014 - 09:02 am - Link - Report abuse 0British Bomber was indeed right on this one...
And them turnips should really, really learn to read... AND go to Specsavers...:-)))
http://m.youtube.com/watch?v=ZdCHjCy1fKs
I seem to remember BB saying that the UK Courts would overturn the US decisions, or some such nonsense.
Nov 08th, 2014 - 11:23 am - Link - Report abuse 0He understands about as much as his supposed Grandmother who apparently resides in Hull.
@1, 6, 10. 'british bomber' is a pillock. Fancy using two 'names' at the same time and getting confused. And something like 'Hepatia' as well. Such a 'name' implies the feminine. Do we have a scotch, schizophrenic nancy-boy? Or something more serious? And with a grandma as well! Must be frightening for the poor elderly, non-existent lady! Remember the infinite monkey theorem? The infinite monkey theorem states that a monkey hitting keys at random on a typewriter keyboard for an infinite amount of time will almost surely type a given text, such as the complete works of William Shakespeare. That's 'british bomber'. A monkey hitting keys at random! Just a joke. It's worth a few lines to poke fun. That's all.
Nov 08th, 2014 - 11:32 am - Link - Report abuse 0TWIMC
Nov 08th, 2014 - 12:37 pm - Link - Report abuse 0A quick search in MercoPress archives is enough to demonstrate that poster “British Bomber” is a True Anglo Jingoistic Anti-South-American Turnip...:
(4) british bomber Aug 24th, 2013...
“We should send an aircraft carrier down to Brazil to show them who's the boss. Maybe we need to implement regime change on Brazil.”
http://en.mercopress.com/2013/08/23/falklands-lawmaker-begins-round-of-contacts-in-brazil-s-main-cities#comment270951
Or...:
(78) british bomber Aug 24th, 2013...
“We should send that Vulcan down to BA and drop the big one on them. Finish what we started in 1982.”
http://en.mercopress.com/2013/08/23/falklands-lawmaker-begins-round-of-contacts-in-brazil-s-main-cities#comment270951
Until his dear Grandma in Hull starts losing money on Argentinean bonds due to the Yanks...
Then he becomes a True Anglo Jingoistic Anti-North-American Turnip...
Anyhow.... he's 100% right (on this one)...
Chuckle chuckle
Some people are so easily fooled.
Nov 08th, 2014 - 12:46 pm - Link - Report abuse 011 Think
Nov 08th, 2014 - 12:47 pm - Link - Report abuse 0Yes indeed Mr.Think .....predicted for months and exactly right....
Let me simplify for all the dumb....
British Bomber claims his Grandmother is English, from 'Ull was it...?
Her bonds were under English law.... and ....”are subject to English law and that any attempt by a foreign court to modify contracts governing them would be ineffective....(the Foreign Court being the US Court)
“.....investors want to make sure that any U.S. ruling does not affect their interest payments.”
So it is not Griesa's decision to Block or to Allow payments to bondholders under English Law...
So his ruling...“ not to pay holders of restructured debt without paying the hedge funds at the same time.” ...is not legal and can only pertain to debt under US law...
...are we now clear on that.....
So all those Vulture supports that were saying that English Courts would not get involved and saying that BB/H were wrong.....;0)
A much better class of prediction than the Used Car Salesman...or was it Estate Agent Yankeeboy...same thing really....
13
...have a nice day...;-)
I'd love for Voice to point out where I said English law bonds were ruled by the NY Courts.
Nov 08th, 2014 - 01:32 pm - Link - Report abuse 0Please show me the posts.
BTe It's been a month or so and you've still not showed me my posts that would embarrass me.
So yeah.
Drunk ol' fools
You and your sister Think.
Now what I probably said is, US banks and any branches of foreign banks in the USA are covered by NY Law. All Argentina has to do is pay then without going through any bank that has dealings with the USA or U$.
In the end Griesa may allow a 1x payment to them. Like he allowed Citibank. We shall see.
Its not like the English courts can force us to do anything.
Anyhoo as I predicted the holdouts are piling on its now up to $5B and my guess the italians will be allowed too.
Argentina doesn't have it.
I bet Jan 2015 will come and go with no agreement.
Come and go.
Then we'll be havin' sum fun.
....“In the end Griesa may allow a 1x payment to them”
Nov 08th, 2014 - 01:41 pm - Link - Report abuse 0Your ignorance and arrogance and the arrogance of your coffin dodging judge is blinding.....
It is NOT his decision to Allow payments to them...
Or are the English Courts wrong and you are right...?
Here's a prediction....watch for more back-peddling by Griesa and Co.....
Try reading my post again. As I said Argentina can pay as long as its not through a US bank or any foreign bank with a USA branch otherwise they'll be in contempt.
Nov 08th, 2014 - 01:53 pm - Link - Report abuse 0Unless he allows a 1x payment.
Which he may.
or he may not.
We'll see
Do you seriously think an English judge can compel a NY judge to do anything?
BTW where are the posts I made saying something else?
You're such a fool...
As I said,
Nov 08th, 2014 - 02:51 pm - Link - Report abuse 0Voice comprehends ok, he just has something against YB - he'll create a opportunity to slag him wherever he thinks he can.
Ahhhhh......
Nov 08th, 2014 - 02:55 pm - Link - Report abuse 0That turnipy Yank shoes salesman and his turnipy predictions....
How many things did he predict about the Black Market Dollar in Argentina?
Well, in January 2014, the black rate was ~13 pesos for a dollar.
Today, 8th November 2014......, the rate is ~13 pesos for a dollar.
Say no more...
How many things did he predict about the economical demise of Argentina?
Well...., today, after just under one year of concentrated attacks of the World' s financial powers to be, that don't want to lose one of their good ol' productive waterholes, the numbers are beginning to look good again...
Stay Tuned :-)))
How many things did he predict about the Triumph of the “weird financial ethics” of the Vulture Funds...?
Well..... Today, thanks to the Argentinean initiative, things aren't looking bright for them Vulture Funds and their political backers at the UN, the IMF or the WB...
Even the Anglo and European brainwashed masses are opening their eyes....
Luxembourg Taxation Scandal in the Tens of *Trillions € class anybody???
*(Engrish trillions that is, not American)
Nice Article in LaNacion today showing BCRA has about U$10B in free cash. They did forget to mention that they owe +/- U$ 6B in overdue import payments.
Nov 08th, 2014 - 03:20 pm - Link - Report abuse 0So they're really down to U$4
At some point importers will demand prepayment.
Its probably already happening
You'd think someone with an empty piggy bank would not be wasting their U$ trying to keep the peso down.
They threw away U$200MM this week alone.
My guess is the Police can't control the illegal U$ savings for long and what is being published is far from the actual price
They estimate 30% of the wheat crop was ruined in last week's storm.
45% inflation, over 2MM unemployed hired by the Rg Fed Govt to cover up HUGE Unemployment.
Yeah its all going swimmingly
Someone might want to point out to the sisters that whenever they say I was “wrong” they're only proving that I was right more often than wrong.
Sista...
U sho is ugly miss celie
“...the economical demise of Argentina”
Nov 08th, 2014 - 03:21 pm - Link - Report abuse 0Well they have ruined their economy so many times that I would have to say they have indeed become economical in doing it.
As for their economic demise..... well that's a different story.
Laughing Newey - one of the pack of Hyenas surrounding the flock of vultures.
Nov 08th, 2014 - 03:29 pm - Link - Report abuse 0Hey, this imagery has both wings AND teeth!
(24) Geoffward
Nov 08th, 2014 - 04:22 pm - Link - Report abuse 0You say...:
“Hey, this imagery has both wings AND teeth.”
I say...:
Juppppp......
As does the Royal Coat of Arms of the United Kingdom....
Fun new game:
Nov 08th, 2014 - 06:51 pm - Link - Report abuse 0http://factcheckargentina.org/followthemoney/
I'd unravel any riddle
For any individ'le
In trouble or in pain
@21 Think
Nov 08th, 2014 - 06:55 pm - Link - Report abuse 0“Even the Anglo and European brainwashed masses are opening their eyes....”
It must have escaped your attention that the UK passed anti-vulture legislation back in 2011, and unlike Argentina's recent crusade against its creditors, without actually owing anything to any vultures.
It's true of course that the legislation in question aims to protect actual poor countries, rather than mismanaged resource rich countries with Peronist vanity projects to support, but I guess nobody had Argentina in mind at the time.
https://www.gov.uk/government/news/uk-stops-vultures-profiting-from-poor-country-debt
“Luxembourg Taxation Scandal in the Tens of *Trillions € class anybody???”
It seems there may be less than meets the eye to this particular piece of whataboutery too.
https://www.gov.uk/government/news/uk-stops-vultures-profiting-from-poor-country-debt
Brainwashed Anglo Turnip at (27)
Nov 08th, 2014 - 07:04 pm - Link - Report abuse 0Your brainwash would be funny if it weren't so pathetic...
To defend the Banksters you link us to Forbes..., the Banksters official mouthpiece...
Goooooood dog....
@28
Nov 08th, 2014 - 07:11 pm - Link - Report abuse 0You seem to be rather confused about the difference between bankers and tax authorities.
Think,
Nov 08th, 2014 - 07:51 pm - Link - Report abuse 0I'm examining closely my Royal Beasts chess set ... yup, wings and teeth.
'Gargoyles' on the BHM ... wings and teeth.
Aaaa ... Archaeopteryx.
Brainwashed Anglo Turnip at (29)
Nov 08th, 2014 - 08:32 pm - Link - Report abuse 0Yes..., I'm so confused about the real intentions of the Banksters...
Maybe some of your good links to Forbes, The Economist and The Wall Street Journal could open my eyes...
(30) GeoffWard
Good thing you got an early warning at the other thread, huhhhh...?
@31
Nov 08th, 2014 - 09:20 pm - Link - Report abuse 0Far be it from me to proffer advice to one so august, but maybe next time you decide to have a go at banksters for some diversionary whataboutery, why not pick something which is actually about banksters?
Brainwashed Anglo Turnip at (32)
Nov 08th, 2014 - 09:34 pm - Link - Report abuse 0Firstly........., this whole article is all about Banksters.
Secondly......, Luxembourg is all about Banksters.
Thirdly..., Forbes is fully owned by Banksters.
I Think this is a proper place to talk about Banksters.
@33
Nov 08th, 2014 - 10:11 pm - Link - Report abuse 0And are Luxembourg and Forbes parties to the court case in England? In what way is Luxembourg tax law germane to the case in question? Insofar as it is germane, is the Forbes article actually wrong about the implications of Luxembourg's tax regime? Surely this isn't just an attempt to sling some largely irrelevant dirt at an easy target?
Turnip at (34) says...:
Nov 08th, 2014 - 10:46 pm - Link - Report abuse 0“This isn't just an attempt to sling some largely irrelevant dirt at an easy target?”
I say...:
Trillions of €uros in unpaid taxes... largely irrelevant?
The Banksters........., an easy target?
How brainwashed can one be?
It is quite simple really:
Nov 08th, 2014 - 11:05 pm - Link - Report abuse 0The payments involve Euro-denominated Argentine bonds which were issued under English law. The English Courts will rule on these. The US Courts will rule on those issued under US law.
This is what Argentina agreed to in the first place and must abide by these rulings, as must the creditors.
Anthing else is flim-flam, distraction, divergence and 'whataboutery' especially comments about Luxembourg/Forbes etc.
This article has nothing to do with Taxes and everything to do with bad-debts of a sovereign nation that is refusing to pay up.
Entirely different topics.
(Reuters) - Argentina, already in default, could see its financial troubles worsen as creditors holding billions of dollars in debt prepare to demand immediate payment, new court filings in New York show.
Nov 08th, 2014 - 11:09 pm - Link - Report abuse 0The creditors in more than 100 lawsuits are seeking the same injunctive relief that U.S. District Judge Thomas Griesa granted to U.S. hedge funds that spurned Argentina's debt restructurings in 2005 and 2010, and then sued for full repayment of $1.33 billion plus interest.
Aside from the hedge funds, the other holdout creditors are a mix of individual and institutional investors from around the world.
And BCRA is out of U$
what to do what to do...
:)
@37
Nov 08th, 2014 - 11:25 pm - Link - Report abuse 0There's always the Heavily Indebted Poor Countries Program, which provides debt relief and low-interest loans to those countries unable to pay their debts. Bolivia qualifies, so maybe Morales can give Cristina some pointers. The catch is, of course, you have to be genuinely unable to pay your debts, not just unwilling.
http://en.wikipedia.org/wiki/Heavily_indebted_poor_countries
@37 what to do what to do...???????????????????????
Nov 08th, 2014 - 11:37 pm - Link - Report abuse 0hmmm....
A) probably bang on about the Falklands or hide in a hospital. She 'has form' for this.
Definitely avoid meeting any global leaders and any awkward questions from them, or the world's press.
Send out your lackeys to Australia for the G20 whilst setting-up Filmus as a Fool ready to take the fall when absolutely nothing happens re: the so-called Falklands Question, when he fails to deliver any results, when no oil industry execs are charged, and the whole charade comes crashing down.
Oh, and play the victim/martyr/heroic defender of the poor, huddled masses whilst squirrelling away millions in off-shore bank accounts.
Or
B) face up to your responsibilities.
Tricky one to call. I'm quite happy to accept your bets ladies and gentlemen.
Place them now!
The Book is open.
Put your money down now!!!!
39 ilsen#
Nov 09th, 2014 - 12:53 am - Link - Report abuse 0My money is on option A, more of the same. They will continue to duck and weave, obstruct all lawful attempts to bring them to book until eventually the world will have had enough and Argentina will be forced to face its responsibilities.
If they don’t change their ways, in a few years they will be in such a sorry state that the UN will be forced to step in and govern the country by mandate.
@40 downunder
Nov 09th, 2014 - 02:37 am - Link - Report abuse 0damn! I was hoping to make a few quid on the wager!
Looks like you have rumbled both myself and Cristina.
:-)
I thought we could blag it for a few more years!
(joke).
Unfortunately the Argentine popultion seems to have bet everything on her smoke and mirrors.
The truth will eventually prevail. The interesting question is; Will they vote for more of the same?
I have met highly-educated Argentines in London that would welcome outside intervention as they don't trust any national political party.
Interesting...
38. You have to be in good standing with the IMF...alas Argentina is not.
Nov 09th, 2014 - 04:06 pm - Link - Report abuse 0I think they'll be on the road to expulsion from IMF IDB WB etc after the Feb 2015 review.
Distraction: rotting roadkills, pay your debts.
Nov 09th, 2014 - 05:19 pm - Link - Report abuse 0Distraction: Engrish rotting roadkills, pay your debt to the EU...
Nov 09th, 2014 - 10:05 pm - Link - Report abuse 0Forget it, Troll Turnip,
Nov 10th, 2014 - 12:42 am - Link - Report abuse 0The article is about ARGENTINA's refusal to pay debts.
You CANNOT counter that with any logical, moral or legal reasoning.
Insulting us, and deflecting as you do, is both off-topic and off-colour.
In other words, quite in character for you.
I think Chronic has finally gotten to the Sistahs.
Nov 10th, 2014 - 12:18 pm - Link - Report abuse 0She's just like a 4 yo repeating whatever you say.
Sad tho isn't it.
As I said in another thread,
Nov 10th, 2014 - 03:31 pm - Link - Report abuse 0Think cannot defend the indefensible actions and policies of the Argie government- it makes him look like a fool.
All he can do is deflect like a child.
Yeah clearly the Sistahs are having trouble lately.
Nov 10th, 2014 - 09:13 pm - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!