Tag: Axel Kicillof

Monday, July 7th 2014 - 07:17 UTC
Kicillof formally meets 'Special Master' Pollack, but not holdouts delegates

Economy minister Axel Kicillof is heading the Argentine delegation that on Monday will hold a first formal meeting in New York with “Special Master”, financial expert Daniel Pollack, appointed as mediator by Judge Thomas Griesa in negotiations between the sovereign country and holdout hedge funds, according to a release late Sunday from Buenos Aires.
Friday, July 4th 2014 - 07:47 UTC
Kicillof confirms meeting of Argentine delegation with mediator Pollack

Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator 'Special Master' Daniel Pollack over the legal battle currently raging between the nation and holdout hedge funds as 'vulture funds', while clarifying that those funds would not be present.
Friday, July 4th 2014 - 06:00 UTC
OAS supports Argentina on hedge funds issue; Timerman regrets “US attitude”

The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”
Thursday, July 3rd 2014 - 06:17 UTC
Hedge funds challenge Kicillof to meet them on Thursday in Washington

The NML Capital hedge fund is ready to meet and negotiate directly with Argentine Economy minister Axel Kicillof and is willing to do so on Thursday, according to a top-ranking executive of the hedge fund involved in a long standing litigation with the Argentine government over defaulted debt.
Wednesday, July 2nd 2014 - 07:53 UTC
“Vulture funds not interested in negotiations” claims Minister Kicillof

“Vulture funds are not interested in negotiations”, and all they want is “to get hold of the money for re-structured bonds holders”, said Argentina's Ministry of Economy in a release made public late Tuesday, the last exchange on the ongoing battle in a New York court with holdout hedge funds.
Tuesday, July 1st 2014 - 14:59 UTC
Holdout hedge funds claim Argentina never turned up to negotiate a settlement

Holdout investors involved in litigation with Argentina over sovereign debt said on Monday they have not met with the government to negotiate a settlement on defaulted debt, and accused Buenos Aires of refusing to enter talks as a 30-day countdown to default begins.
Tuesday, July 1st 2014 - 07:21 UTC
Kicillof will talk about Argentina's debt case before OAS foreign ministers

The OAS Permanent Council, responding to an Argentine request, agreed to convene a Meeting of Consultation of Ministers of Foreign Affairs on Thursday, July 3 the headquarters of the OAS in Washington DC to discuss “Sovereign Debt Restructuring: The Case of Argentina and its Systemic Consequences.”
Tuesday, July 1st 2014 - 07:14 UTC
Argentina confirmed Monday 7 July negotiations with hedge funds as instructed by Griesa

Argentina confirmed that next Monday, 7 July it will hold a meeting with “Judge Thomas Griesa delegate, Daniel Pollack”, in the framework of the current litigation with speculative funds, according to a Monday release from the Ministry of Economy in Buenos Aires.
Monday, June 30th 2014 - 05:47 UTC
OAS Permanent council expected to consider Argentina/hedge funds conflict

The Argentina litigation with holdout hedge funds will have an additional ingredient this Monday when the Organization of American States, OAS, Permanent Council holds an extraordinary session, on a special request from Argentina, to consider a consultation meeting of foreign ministers to address the issue of sovereign debt restructuring.
Saturday, June 28th 2014 - 10:57 UTC
Argentina claims Judge Griesa “blocked the payment to bondholders”

Through an official press release published on Friday afternoon, the Argentine government stated US Federal Judge, Thomas Griesa, attempted to “block the payment for bondholders,” and committed an abuse of authority, after cancelling the deposit made on Thursday into a Bank of New York account.