Tag: global credit market

• Tuesday, July 24th 2012 - 21:13 UTC

  US sides with Argentina in “pari-passu” controversy with defaulted bondholders

  

  Argentina asked a US federal appeals court to reverse lower-court rulings that could help creditors including Elliott Management Corp.’s NML Capital Fund collect on 1.4 billion dollars in defaulted bonds.

• Friday, February 4th 2011 - 21:53 UTC

  Argentina still haunted by the holdouts from the 2001 default

  

  Argentina’s attempts to return to global credit markets nine years after its 2001/02 default received this week mixed results. New York Federal Judge Thomas Griesa has issued a ruling urging Argentina to pay 54.33 million Euros (US$75.1 million) to the Capital Ventures International Fund.