Tag: Daniel Pollack

• Wednesday, February 25th 2015 - 05:27 UTC

  Argentina will appeal on Thursday Judge Griesa's 'contempt of court'

  

  The Argentine government will present on Thursday its appellant’s brief over the contempt of court ordered by New York Judge Thomas Griesa, the Economy Ministry has confirmed. Griesa had ruled Argentina in contempt of his orders due to working on a plan to shift control over payments of its restructured debt to Buenos Aires.

• 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)”.

• Tuesday, November 11th 2014 - 07:25 UTC

  Griesa authorizes Citibank to pay restructured bonds under Argentine law

  

  New York District judge Thomas Griesa has authorized Citibank to complete the transfer of 85 million dollars to holders of restructured Argentine bonds under Argentine law, meeting debt services that expire on December 31.

• Sunday, November 9th 2014 - 10:35 UTC

  Argentine bondholders file for 'me too' at Judge Griesa's court: claims reach 6.5bn

  

  Argentina told New York district judge Thomas Griesa that bondholders filed 25 lawsuits since June, when the judge ordered blocking the country's from paying its restructured debt without also paying a group of holdouts, Bloomberg news has reported.

• Wednesday, November 5th 2014 - 03:43 UTC

  Argentina appeals Judge Griesa's 'contempt of court' ruling

  

  Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.

• Saturday, September 6th 2014 - 06:36 UTC

  Argentina and holdouts again disagree before Pollack; end of September another deadline

  

  Argentina still has “unresolved” issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator said Friday.

• Friday, August 29th 2014 - 05:56 UTC

  Argentina will only negotiate with all bondholders: no more piecemeal debt talks

  

  Argentina's government ruled out further piecemeal debt talks with a small group of U.S. hedge funds (holdouts) and said the country needed to strike a deal with all bondholders including those which have rejected past restructuring agreements as a single group.

• Saturday, August 16th 2014 - 11:32 UTC

  Trust in Argentine reliability has vanished, as a result of the bonds' litigation

  

  Debt talks on Argentina’s defaulted bonds in the hands of holdout hedge funds ultimately collapsed this week due to disagreements over prices and the absence of a government guarantee to honor payments on the paper, sources close to the discussions said.

• Thursday, August 14th 2014 - 06:34 UTC

  Talks between global banks and Argentine creditor hedge fund “collapsed”

  

  Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.

• Saturday, August 9th 2014 - 07:45 UTC

  Despite warning, Kicillof again defies and again accuses Griesa of 'partiality'

  

  Economy ministry Axel Kicillof once again defiantly insisted Argentina has made a required debt payment on restructured sovereign bonds on Friday night, just hours after a U.S. judge threatened a contempt-of-court order if Argentina did not stop issuing such statements.