Tag: hedge funds

• 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.

• Monday, September 23rd 2013 - 20:40 UTC

  Cristina Fernandez black tights disperse the focus of the October campaign

  

  Argentine president Cristina Fernandez is scheduled to address the United Nations General Assembly in New York on Tuesday and according to the official agenda has several appointments with political leaders and business representatives.

• Saturday, August 31st 2013 - 01:39 UTC

  Falklands’ Argentina banned oil companies linked to YPF partner Chevron

  

  An Argentine lawmaker claims that the US oil corporation Chevron which is investing heavily in developing shale resources in Neuquen with YPF is a partner of Oil Spill Response Limited that is also involved with the oil companies operating in the South Atlantic in Argentine waters but licensed by the Falkland Islands government.

• Friday, August 30th 2013 - 02:00 UTC

  Judge Griesa looking into latest announcements by president Cristina Fernandez

  

  A court hearing in New York scheduled for Thursday midday between hedge funds holders of Argentine defaulted bond and lawyers for the Argentine government was called off on request from the holdouts.

• Tuesday, August 27th 2013 - 01:13 UTC

  Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

  

  Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.

• 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.

• Monday, July 22nd 2013 - 06:41 UTC

  US Supreme Court gives hedge funds another 30 days to contest Argentina’s appeal

  

  The US Supreme Court gave hedge funds another month to present their reply following on the request from the Argentine government to review the sentence handed down by Judge Thomas Griesa and partially supported by the Appeals Court.

• 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.