Tag: Elliot Management fund

• Thursday, December 31st 2015 - 07:50 UTC

  Holdouts subpoena HSBC on Argentina's efforts to raise money abroad

  

  Creditors suing Argentina over billions of dollars in defaulted bonds have subpoenaed HSBC Holdings Plc for information about the country's effort to raise money abroad, a person familiar with the matter said on Tuesday, as reported by Reuters.

• Thursday, December 10th 2015 - 08:18 UTC

  Pollack confirms Macri´s administration intention of negotiating with hedge funds

  

  The court-appointed mediator in a long-running debt dispute pitting Argentina against holdout hedge funds said Wednesday that President-elect Mauricio Macri's incoming administration intended to negotiate a settlement.

• Wednesday, November 4th 2015 - 07:41 UTC

  Argentina defaulted bonds dispute pushed into the US Republicans' presidential campaign

  

  One of the wealthiest and most influential Republican donors — who also happens to be in the midst of a legal battle with Argentina over defaulted-debt — is throwing his support behind the presidential campaign of US Republican Senator Marco Rubio of Florida, according to a New York Times report.

• Tuesday, October 6th 2015 - 07:28 UTC

  Victory for Argentina in its ongoing battle with speculative funds

  

  The 2nd US Circuit Court of Appeals in New York refused on Monday to force Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited in 2014 to pay creditors who participated in its past restructurings.

• Tuesday, August 11th 2015 - 07:55 UTC

  Argentina wins a battle in its ongoing struggle with hedge funds

  

  Argentina on Monday won a battle in its ongoing struggle with hedge funds holding sovereign bonds. In this case Argentina managed the reversal of a U.S. judge's ruling that a group of bondholders suing over its defaulted debt said entitled them to $700 million.

• 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.

• Friday, November 7th 2014 - 23:08 UTC

  English court involved in Argentine bonds dispute with hedge funds

  

  A London court gave Argentine “holdout creditors” in New York a two-week window on Thursday to challenge declarations sought by a powerful group of investors in a dispute over interest payments worth about 226 million Euros. The payments involve Euro-denominated Argentine bonds which were issued under English law.

• Wednesday, October 8th 2014 - 03:50 UTC

  Brazilian and Chinese banks support for Argentina in bonds litigation confirmed

  

  Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.

• Thursday, September 11th 2014 - 04:48 UTC

  Judge Griesa will wait for appeals court ruling before acting on holdouts' Citibank subpoena

  

  US district judge Thomas Griesa has said he would wait for a decision on a pending appeal before ordering Citigroup to comply with a subpoena served by holdout investors seeking details of any threats from Argentina to process payments the court had blocked.

• Saturday, August 30th 2014 - 08:01 UTC

  Judge Griesa schedules new hearing; Argentina appeals to United Nations on holdout case

  

  The US judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.