Tag: Elliot Management fund

Monday, February 17th 2014 - 09:03 UTC
Argentina vs hedge funds: second chapter of appeal before the US Supreme Court

The Argentine government will appeal on Monday before the US Supreme Court for the second time against the hedge funds claim. The Supreme Court is the last judiciary step in the dispute.
Wednesday, January 29th 2014 - 21:36 UTC
Hedge fund boss Singer rejects as 'bizarre' Argentine bondholders offer

Paul Singer, head of Elliot Management Corp., defined as “bizarre”, the bondholders’ offer to resolve judicially the dispute with Argentina over the debt in default from 2001, during in a letter sent to investors and published by Bloomberg News.
Tuesday, January 28th 2014 - 22:44 UTC
Hedge fund CEO says that dispute with Argentina could be settled 'in an afternoon'

Paul Singer, CEO of hedge fund Elliott Management Corporation and who is litigating Argentina demanding full payment of defaulted bonds described Argentina's government policies as 'horrendous' and stated that 'talking' he could settle the dispute 'in an afternoon'.
Saturday, January 11th 2014 - 06:57 UTC
US Supreme Court agrees to consider Argentina litigation case with hedge funds

The US Supreme Court agreed on Friday to consider a dispute over subpoenas in a case stemming from long-running litigation over Argentina's obligations to bond investors in the wake of its default on 100 billion dollars in sovereign debt in 2002.
Thursday, October 31st 2013 - 20:44 UTC
Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina

In a letter to investors dated October 28, Elliott Management said it remained hopeful that a “consensual resolution” can be achieved with Argentina regarding the hedge funds dispute. Elliott, which ranks among the industry's most enduring funds, having opened in 1977 with one million dollars in assets, tried to force Argentina to make full payment on bonds it bought more than a decade ago.
Wednesday, October 16th 2013 - 08:18 UTC
Hedge funds request US Appeals court to lift hold on a ruling to repay holders

US hedge funds fighting Argentina for repayment on defaulted debt asked a US appeals court on Tuesday to lift its hold on a ruling that ordered Argentina to repay the holders.
Tuesday, October 1st 2013 - 18:32 UTC
US Supreme Court possible action on Argentina/hedge funds case deferred a week

The US Supreme Court on Tuesday took no action on a landmark case pitting Argentina against creditors which could have deep repercussions for financially troubled governments and their creditors. The court had been expected to announce whether it would review the case, but it was not included in a list of cases accepted or denied for review that was released on Tuesday.
Monday, September 30th 2013 - 17:00 UTC
Argentina hopes US Supreme Court hears its case with the hedge funds

The US Supreme Court was scheduled to meet behind closed doors on Monday to decide whether to hear a high-profile appeal by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country's 2002 default.
Thursday, September 26th 2013 - 22:43 UTC
Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes

New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.
Thursday, September 12th 2013 - 05:07 UTC
US Supreme Court on September 30 will consider if it hears Argentina’s appeal on hedge funds

The US Supreme Court will use its Sept. 30 private conference to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. The schedule, revealed on Wednesday on the court’s public docket, means the justices may say as early as Oct. 1 whether they will review a 2012 federal appeals court ruling that requires Argentina to pay holders of defaulted bonds if the country makes payments on restructured debt.