Tag: Axel Kicillof

Friday, June 27th 2014 - 08:35 UTC
Judge Griesa calls Argentina and hedge funds for a hearing on Friday

A US judge has scheduled a hearing for Friday after hedge funds suing to collect on defaulted debt issued by Argentina complained about the country's plans to make a payment to creditors who participated in its past restructurings.
Friday, June 27th 2014 - 07:53 UTC
Argentina announced Thursday it had deposited restructured bonds' payments

Argentina announced on Thursday morning it had deposited a billion dollars to honor restructured bonds' 30 June payment and at the same again asked for a new stay from New York Judge Thomas Griesa on the 'pari passu' ruling that forces the country to also pay holdouts 100% of defaulted bonds face value.
Thursday, June 26th 2014 - 01:01 UTC
Argentina insists on dialogue but “technical default” is round the corner, Kicillof tells G77

Economy minister Axel Kicillof said US courts haven't yet responded to Argentina's request this week for more time to negotiate a settlement with a small group of holdout creditors and warned the country could face a technical default next Monday if the sentence remains firm.
Tuesday, June 24th 2014 - 23:30 UTC
Argentina's bond fight with holdouts will be addressed by G-77 plus China

Argentina’s bond fight against holdout hedge funds will reach the United Nations headquarters on Wednesday when Economy Minister Axel Kicillof addresses the G77 plus China 134-nations plenary on Argentina's debt restructuring process.
Tuesday, June 24th 2014 - 06:42 UTC
Argentina requests a 'stay' order on the ruling favoring holdout creditors

Argentina asked a U.S. judge on Monday to issue a stay of his ruling against the country in its case against “holdout” creditors as it sought to avoid a possible new default. The country is in a 12-year-old legal fight with investors who declined to participate in bond restructurings (2005 and 2010) after the country defaulted on 100 billion dollars in sovereign debt in 2002.
Saturday, June 21st 2014 - 09:45 UTC
Strong warning to Argentina from Griesa regarding payment of bondholders

US Federal Judge Thomas Griesa, ratified on Friday through an official letter that Argentina’s proposal to carry out a debt exchange and pay its bondholders in Buenos Aires represents a “violation of the rulings and procedures.”
Friday, June 20th 2014 - 07:21 UTC
After all: Argentina seems willing to start discussions with Griesa and hedge funds

After a day of fury and discussions with cabinet members, advisors and experts, Argentine president Cristina Fernandez will be sending a government delegation to New York to meet Judge Thomas Griesa and the hedge funds holdouts' solicitors and begin, hopefully, a round of negotiations to reach a settlement on the bonds litigation.
Thursday, June 19th 2014 - 02:26 UTC
Griesa does not trust Cristina Fernandez and condemns the word “extortionist”

US Judge Tomas Griesa said on Wednesday that the televised speech delivered by President Cristina Fernández on Monday after the US Supreme Court declined to hear an appeal by Argentina in its battle against the holdouts was “a problem” for negotiations and implied he did not trust the Argentine leader.
Wednesday, June 18th 2014 - 07:37 UTC
Argentina plans to reopen debt swap program and will request to meet Griesa

Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds held by hedge funds, after the US Supreme Court declined to take Argentina's case against the so-called 'vulture funds'.
Friday, June 13th 2014 - 08:26 UTC
US Supreme Court decision of Argentina/hedge funds case delayed until Monday

The US Supreme Court will reveal its decision on Argentina's request regarding litigation with the hedge funds case on Monday at 10.30am, after deliberating on Friday behind closed doors. A final outcome could arrive as late as next year though, if the judges decide to ask the US government for an opinion on the case before ruling.