Tag: Argentine bondholders

• Thursday, April 23rd 2015 - 08:54 UTC

  Griesa rules hedge funds entitled to details of recent Argentine bond offering and banks must comply

  

  U.S. judge on Wednesday ruled that hedge funds suing over unpaid debt stemming from Argentina's 2002 default are entitled to details of a recent bond offering by Buenos Aires.

• Monday, March 30th 2015 - 06:47 UTC

  Citibank suspended in Argentina “until it revokes agreement with Griesa and holdout funds”

  

  Economy Minister Axel Kicillof said the suspension of Citibank Argentina, ordered by the National Securities Commission (CNV) financial watchdog, will stay in place until the bank revokes its agreement not to appeal US Judge Thomas Griesa’s ruling that interest payments on Argentina's restructured local law bonds could not be processed if the bank was allowed to make two one-off payments to help it exit its local custody business.

• Thursday, March 26th 2015 - 09:20 UTC

  Argentina considers Citigroup deal with US Judge Griesa could have violated local law

  

  Argentina's Economy Minister Axel Kicillof said on Wednesday a deal between Citigroup Inc and U.S. judge Thomas Griesa allowing the banking giant to process two Argentine debt payments violated the country's laws.

• Thursday, March 26th 2015 - 08:22 UTC

  Griesa blocks Euroclear from processing any Argentina bonds payments

  

  New York judge Thomas Griesa on Wednesday barred Euroclear, the giant Belgium-based financial clearing and settlement house, from processing any debt payments by Argentina. In the newest step tightening Buenos Aires' avenues for avoiding paying off hedge funds on their bonds, Griesa forbade Euroclear from processing “any payments received from any source” in respect to Argentine bonds.

• Wednesday, March 25th 2015 - 07:30 UTC

  New York Court of Appeals delays decision on Argentina's contempt of court

  

  The New York Court of Appeals has decided to push back its decision on Argentina for another week, as the Cristina Fernandez administration seeks to overturn the contempt ruling imposed by judge Thomas Griesa in the ongoing conflict against holdout investors.

• Monday, March 23rd 2015 - 17:20 UTC

  Griesa yields: allows Citibank to process interest payments of Argentine law bonds

  

  United States Judge Thomas Griesa finally authorized Citibank Argentina to process interest payments of bonds issued under Argentine law, with a payment deadline on March 31 and on June 30, and to exit its custody business in Argentina.

• Friday, March 13th 2015 - 11:18 UTC

  Griesa blocks Citigroup from paying interest on Argentine bonds; group will appeal

  

  A United States federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law. U.S. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called dollar-denominated exchange bonds would violate a requirement that Argentina treat bondholders equally.

• Saturday, February 21st 2015 - 05:17 UTC

  Argentina suggests Judge Griesa to remove Pollack, since he favors 'holdouts'

  

  Argentina's Economy minister Axel Kicillof suggested on Friday that no negotiation is possible with the holdout funds as long as 'special master' appointed by US Judge Thomas Griesa continues in his post, since ”he clearly favors 'vulture funds' (holdouts)”.

• Friday, November 28th 2014 - 06:17 UTC

  Griesa rejects payment request from investors holding Argentine bonds in Euros

  

  US Federal judge Thomas Griesa has rejected a request by European investors seeking payment on Argentine titles currently blocked in New York, despite an ongoing parallel court battle over the issue in London.

• Tuesday, November 18th 2014 - 07:59 UTC

  German bondholders join the “me-too club” demanding payment of Argentine bonds

  

  Demands against Argentina by so-called “me-too” bondholders, who are asking to be paid in the same conditions as Elliot and Aurelius Managment holdouts, are starting to pile up as holders of Argentine bonds issued under German law who didn’t take part of the country’s debt swap filed a new complaint at a United States court to demand full payment.