Tag: Holdout funds

• Thursday, June 26th 2014 - 01:01 UTC

  Argentina insists on dialogue but “technical default” is round the corner, Kicillof tells G77

  

  Economy minister Axel Kicillof said US courts haven't yet responded to Argentina's request this week for more time to negotiate a settlement with a small group of holdout creditors and warned the country could face a technical default next Monday if the sentence remains firm.

• Wednesday, June 25th 2014 - 06:46 UTC

  Argentina waiting for Judge Griesa's reply on the 'stay' request

  

  The government of President Cristina Fernandez awaits Judge Griesa's decision after the request to issue a stay on the ruling that orders Argentina to pay all the bondholders at the same time, Argentine Cabinet Chief Jorge Capitanich said in his daily press briefing at Government House on Tuesday.

• Tuesday, June 24th 2014 - 23:30 UTC

  Argentina's bond fight with holdouts will be addressed by G-77 plus China

  

  Argentina’s bond fight against holdout hedge funds will reach the United Nations headquarters on Wednesday when Economy Minister Axel Kicillof addresses the G77 plus China 134-nations plenary on Argentina's debt restructuring process.

• Saturday, June 21st 2014 - 09:31 UTC

  Cristina Fernandez calls for negotiations: “we want to pay 100% of creditors”

  

  In a conciliatory speech compared to previous statements, President Cristina Fernandez said on Friday her government would negotiate with all of Argentina's creditors in a bid to avoid a new debt default that would further weaken the country's ailing economy.

• Saturday, June 21st 2014 - 08:19 UTC

  Cristina Fernandez took time to pick on the Falklands at her 'dialogue' speech

  

  Cristina Fernandez on her Friday Flag Day speech in which she lowered usual rhetoric and asked US Judge Thomas Griesa for negotiations with the holdout hedge funds, picked on the Falkland Islands sovereignty dispute to channel her fury and forecasted there “is no colonialism that can last so many centuries, eventually they fall”.

• Wednesday, June 18th 2014 - 07:59 UTC

  Argentine industrial and financial community call for 'dialogue' with holdouts

  

  Argentina's industrial union and bank associations expressed their deep concern regarding Monday's US Supreme Court refusal to take the long standing case with the holdout hedge funds, and all called for a solution appealing to dialogue.

• Wednesday, June 18th 2014 - 07:52 UTC

  “Judge Griesa's message is reasonable and conciliatory” argues Lavagna

  

  Argentina's former Economy Minister and architect of the 2005 rescheduling of defaulted debt, Roberto Lavagna called for “calm” and “seriousness” to rethink the country's legal strategy following the setback suffered on Monday when the US Supreme Court decided not to hear its appeal against holdout hedge funds.

• Tuesday, June 17th 2014 - 07:15 UTC

  Argentina will pay 92% of restructured bonds, hopefully 100% of debt, but will not accept extortions

  

  President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.

• Friday, June 13th 2014 - 08:26 UTC

  US Supreme Court decision of Argentina/hedge funds case delayed until Monday

  

  The US Supreme Court will reveal its decision on Argentina's request regarding litigation with the hedge funds case on Monday at 10.30am, after deliberating on Friday behind closed doors. A final outcome could arrive as late as next year though, if the judges decide to ask the US government for an opinion on the case before ruling.

• Saturday, May 31st 2014 - 06:50 UTC

  Argentina tells Judge Griesa it has no plans to evade paying holdouts

  

  Argentina's lawyers tried on Friday to assure a US federal judge that it would not evade orders to pay 1.33 billion dollars to bondholders who refused to accept its debt-restructuring offers, if the US Supreme Court (on 12 June) declines the case.