Tag: hedge funds

Monday, June 9th 2014 - 20:52 UTC
Positive scenario for Argentina's decisive battle with hedge funds later this week

New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.
Friday, June 6th 2014 - 08:49 UTC
Countdown for Argentina's decisive litigation with hedge funds; IMF concern

The International Monetary Fund expressed “concern” on Thursday over the outcome of Argentina's 'vulture funds' case. The US Supreme Court is scheduled to consider on June 12 whether to hear Argentina's appeal of rulings requiring it to pay the holdout bondholders back in full.
Wednesday, June 4th 2014 - 07:43 UTC
Over 100 British MPs come out in support of Argentina and condemn 'vulture funds'

More than 100 British Members of Parliament have signed a resolution of support for Argentina in the fight against hedge fund holdout investors, and warned that if the United States Justice System ruled against the nation it could fall into default.
Monday, June 2nd 2014 - 07:33 UTC
Argentina confident US Supreme Court will take its litigation case with hedge funds

President Cristina Fernandez administration has high hopes that the US Supreme Court will take its long running litigation case with holdout hedge funds that refused to accept sovereign debt rescheduling after Argentine defaulted in 2001.
Wednesday, April 30th 2014 - 03:49 UTC
Holdout hedge funds admit they prefer to negotiate with whoever succeeds Cristina Fernandez

Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.
Tuesday, April 22nd 2014 - 06:45 UTC
US Supreme Court inclined to limit disclosure of Argentine non-US assets

US Supreme Court justices seemed to indicate on Monday that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to hedge bond investors. The US administration of President Barack Obama sided with Argentina based on the foreign sovereignty immunity act.
Wednesday, March 26th 2014 - 05:33 UTC
Country and organizations support for Argentina's litigation with hedge funds increases

Argentina underlined the support from Brazil, France, Mexico, (even the IMF), among other institutions in the country's long exhausting litigation with hedge funds, an issue which is “crucial for Argentina and the whole international financial system”.
Monday, March 24th 2014 - 06:55 UTC
Brazil, France and Mexico to file papers before the US Supreme Court in support of Argentina

Brazil, France and Mexico are expected to file papers in the US Supreme Court on Monday backing Argentina in its legal battle with bondholders who refused to take part in debt restructurings from the country's 2002 default, according to a source familiar with the litigation.
Thursday, March 20th 2014 - 07:11 UTC
Argentina secures French support for its ongoing litigations with hedge funds

President Cristina Fernández praised the decision by France to file an 'amicus curiae' brief before the US Supreme Court, in a show of support to Argentina in its long-standing battle against speculative fund creditors, and also secured the backing of the French government to settle a 9.5bn dollars dispute with the Paris Club.
Friday, February 21st 2014 - 07:06 UTC
Argentine restructured bondholders appeal to the US Supreme Court

A group of bondholders that entered the restructuring of Argentine debt in 2005 and 2010 have presented their own appeal before the United States Supreme Court, in the case involving the so-called holdout hedge funds. The petition, made public on Thursday, mirrors a similar appeal carried out on Tuesday by the Argentine government.