Tag: American Task Force Argentina (AFTA)

• Wednesday, July 23rd 2014 - 06:51 UTC

  Argentina claims Griesa is blocking bondholders money and using 'vulture funds' language

  

  Argentina reacted strongly to Tuesday's events in the New York federal court which denied its stay request, claiming Judge Thomas Griesa “did not solve absolutely any of the issues for which he summoned today's audience”, insisting with his “unbelievable ban” on structured bonds' collecting their payment.

• Wednesday, July 23rd 2014 - 06:42 UTC

  Holdouts want to sit down with Argentina and solve the dispute; 'countdown clock'

  

  Following on Tuesday's audience with Judge Thomas Griesa, NML Capital the leading speculative fund litigating with Argentina, issued a release saying “it is willing to hold a meeting with 'Special Master' Daniel Pollack and Argentina to solve the dispute”.

• Thursday, July 17th 2014 - 05:49 UTC

  Holdout funds claim in ads campaign that Argentina is choosing default scenario

  

  The American Task Force Argentina (ATFA), the group the government of President Cristina Fernandez has officially accused of being funded by same holdout creditors suing Argentina over its defaulted bonds, has resumed its advertisement campaign against Buenos Aires now saying the Kirchner administration is actually “choosing” a default scenario.

• Thursday, July 17th 2014 - 05:39 UTC

  “K” economist claims holdout hedge funds are after Argentina’s shale resources

  

  The holdout speculative funds or “vulture funds” are going after Argentina’s resource-rich Vaca Muerta region and are seeking to threaten the government with a “technical default” scenario, economist Agustín D’Atellis.

• Saturday, May 31st 2014 - 06:25 UTC

  Hedge funds' lobby praise Argentina/Paris Club deal; calls for talks with private creditors

  

  Following Argentina's agreement to resolve its 9.7bn debt to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.

• Thursday, July 18th 2013 - 08:35 UTC

  IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

  

  In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.