Tag: Axel Kicillof

• Wednesday, July 30th 2014 - 08:02 UTC

  Argentine private banks prepared to buy holdouts' credit; Kicillof/Pollack talks to continue today

  

  “Special Master” Daniel Pollack, the mediator appointed by US judge Griesa to resolve the dispute between Argentina and the speculative funds' holdouts said the parts talked “face to face” for the first time and assured a new meeting will be confirmed during the day. If a deal is not reached Wednesday sunset Argentina could again fall into default.

• Tuesday, July 29th 2014 - 05:27 UTC

  Griesa eases bond payments agenda; Argentina complies with the Paris Club

  

  New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under Argentine law, which form part of the titles restructured following the default of 2001.

• Saturday, July 26th 2014 - 06:56 UTC

  Cristina Fernandez will analyze holdouts' case during her stay in Rio Gallegos

  

  President Cristina Fernandez left on Friday for Santa Cruz province, where she will stay for the weekend and analyze New York Argentine/holdouts case briefings. The Argentine delegation returned on Friday to Buenos Aires after two meetings with appointed mediator Daniel Pollack in New York, where no resolution was reached.

• Saturday, July 26th 2014 - 06:36 UTC

  Argentina/holdouts impasse remains; delegation back to Buenos Aires for instructions.

  

  Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors in New York on Friday in talks that lasted just an hour. The Argentine delegation is flying back to seek instructions from its government, mediator Daniel Pollack said, while the country's economy ministry underscored it would continue the dialogue with him over the next few days.

• Friday, July 25th 2014 - 05:14 UTC

  Argentina insists on Griesa for some insurance against the RUFO clause

  

  After failing to reach an agreement during Thursday's meeting with court-appointed mediator Daniel Pollack, Argentina reiterated that there could be no negotiations with speculative funds or 'vulture funds' until judge Thomas Griesa provides some insurance against possible liabilities related to the 'Rights upon Future Offers' (RUFO) clause.

• 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.

• Saturday, July 19th 2014 - 06:50 UTC

  Italian chapter of holdouts tells Argentina it will continue to the last consequences

  

  The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep on pursuing its interests until the last consequences.

• Thursday, July 17th 2014 - 06:15 UTC

  Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

  

  US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.

• 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.

• Friday, July 11th 2014 - 06:14 UTC

  Pollack says Argentina, hold-outs and legal representatives will meet on Friday

  

  Special master Daniel Pollack revealed on Thursday he has been talking with holdout funds and Argentine lawyers “on a daily basis”, one day before an Economy Ministry committee travels to New York to meet the mediator in the funds/Argentina litigation case for the second time.