Tag: hedge funds

• Wednesday, February 19th 2014 - 05:11 UTC

  Argentina appeals hedge funds case to US Supreme Court; warns of 'havoc' if lower court ruling stands

  

  Argentina announced on Tuesday it had appealed to the US Supreme Court against a lower court order to pay off hedge fund investors in its bonds, arguing that order violated its sovereignty.

• 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.

• 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.

• Tuesday, November 19th 2013 - 08:43 UTC

  Argentina vs. hedge funds: Appeals court latest ruling opens the way to the US Supreme Court

  

  A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.

• Saturday, November 9th 2013 - 03:31 UTC

  Group of Argentine bondholders plan 'private debt swap' to holdouts

  

  A group of Argentine bondholders will offer creditors suing for the repayment of defaulted sovereign debt a private deal to get them to abandon their litigation, the state-run Télam news agency said.

• 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.

• Monday, October 7th 2013 - 15:42 UTC

  Breathing space for Argentina’s bonds case: litigation continues at US appeals court level

  

  The U.S. Supreme Court left intact a ruling that may force Argentina to make payments on defaulted government bonds, rejecting that country’s appeal in a clash that has roiled its financial markets. The justices, without comment, on Monday let stand a 2012 U.S. appeals court decision that bars Argentina from making payments on 24 billion in restructured debt unless it also pays owners of the earlier repudiated bonds.

• 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.