Tag: Elliot Management fund

• Thursday, September 5th 2013 - 02:06 UTC

  Nobel Prize Stiglitz comes out strongly in support of Argentina in bonds litigation

  

  “A recent decision by a United States appeals court threatens to upend global sovereign-debt markets. It may even lead to the US no longer being viewed as a good place to issue sovereign debt. At the very least, it renders non-viable all debt restructurings under the standard debt contracts.

• Monday, August 26th 2013 - 03:01 UTC

  Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

  

  Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.

• Friday, August 23rd 2013 - 23:15 UTC

  “Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

  

  Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.

• Saturday, July 20th 2013 - 06:03 UTC

  Argentina/hedge funds dispute: US will not file ‘uninvited’ brief to Supreme Court

  

  The Barack Obama administration won’t file a brief next week urging the U.S. Supreme Court to hear Argentina’s appeal in a clash with implications for tens of billions of dollars in defaulted debt, according to a Justice Department spokesman.

• Thursday, July 18th 2013 - 08:35 UTC

  IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

  

  In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.

• Sunday, July 14th 2013 - 23:53 UTC

  Argentina litigation with hedge funds; ‘US could end siding with Buenos Aires’ says Washington Post

  

  The United States Justice, Treasure and State Department officials met on Friday with lawyers both from Argentina and hedge funds that refused to accept the administrations of presidents Nestor Kirchner and Cristina Fernandez debt swaps, The Washington Post reported on Saturday.

• Tuesday, June 25th 2013 - 23:33 UTC

  Argentina appeals to US Supreme Court its legal battle with ‘holdout’ creditors

  

  Argentina took on Tuesday its legal battle with “holdout” creditors to the US Supreme Court by appealing an adverse decision handed down by a lower US court in October of last year, according to Telam the official news agency from the Argentine government.

• Tuesday, June 25th 2013 - 16:43 UTC

  Ghana Supreme Court rules that seizure of ARA Libertad was “fundamentally and patently wrong”

  

  Ghana's Supreme Court has ruled that the seizure of an Argentine warship that led to a weeks-long ordeal last year was “fundamentally and patently wrong,” a copy of the decision released last Friday said.

• Thursday, February 28th 2013 - 06:13 UTC

  Argentina urges ‘workable’ solution from US appeals court to dispute with holdout bondholders

  

  Argentina's defence urged a US appeals court on Wednesday to come up with a “workable” solution to its long-running fight with so-called holdout bondholders, and assured the country will not pay an amount exceeding the one set in the debt-swaps.

• Monday, February 25th 2013 - 06:22 UTC

  Argentina and ‘holdout hedge funds’ prepare for the final clash this week

  

  The long-awaited showdown in a US appeals court this week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.