Tag: holdout hedge funds

• Friday, July 25th 2014 - 05:14 UTC

  Argentina insists on Griesa for some insurance against the RUFO clause

  

  After failing to reach an agreement during Thursday's meeting with court-appointed mediator Daniel Pollack, Argentina reiterated that there could be no negotiations with speculative funds or 'vulture funds' until judge Thomas Griesa provides some insurance against possible liabilities related to the 'Rights upon Future Offers' (RUFO) clause.

• Thursday, July 24th 2014 - 07:01 UTC

  In defiant speech CFK openly brushes aside any default “because Argentina has paid”

  

  In a defiant speech President Cristina Fernández reiterated on Wednesday that Argentina will “not fall into default” and warned that “they will have to invent a new word” to explain how a country has paid its debt and “someone blocked it”.

• Wednesday, July 23rd 2014 - 06:42 UTC

  Holdouts want to sit down with Argentina and solve the dispute; 'countdown clock'

  

  Following on Tuesday's audience with Judge Thomas Griesa, NML Capital the leading speculative fund litigating with Argentina, issued a release saying “it is willing to hold a meeting with 'Special Master' Daniel Pollack and Argentina to solve the dispute”.

• Wednesday, July 23rd 2014 - 01:10 UTC

  Griesa rejects 'stay'; orders Argentina and holdouts to meet 'round the clock' to reach a deal

  

  US Judge Thomas Griesa rejected on Tuesday Argentina’s request for a suspension ('stay') on the ruling that ordered Buenos Aires to pay 1.3 billion dollars plus interests to holdout speculative funds and instructed Argentina and holdouts to meet on Wednesday morning for a first face-to-face meeting.

• Monday, July 21st 2014 - 07:38 UTC

  Ten hectic days await Argentina, and a possible second default in 12 years

  

  Ten hectic days ahead for Argentina since come 30 July and no agreement has been reached at the New York court of Federal Judge Thomas Griesa, (full payment plus accrued interests to holdout speculative funds) the country would be forced to a second default in twelve years with all the political consequences for Cristina Fernandez and Mercosur.

• Saturday, July 19th 2014 - 06:50 UTC

  Italian chapter of holdouts tells Argentina it will continue to the last consequences

  

  The Italian chapter of Task Force Argentina (TFA), an organization which represents bondholders that did not accept the 2005 and 2010 debt swaps, urged the government of President Cristina Fernandez to negotiate and warned it will keep on pursuing its interests until the last consequences.

• Thursday, July 17th 2014 - 07:20 UTC

  CFK says BRICS support Argentina in the holdouts dispute, but where’s the document?

  

  President Cristina Fernandez assured that Argentina received the support from the group of BRICS countries (Brazil, Russia, India, China and South Africa) in its struggle against the holdout speculative funds, during the two summits held in Brazil, in Fortaleza and Brasilia.

• Thursday, July 17th 2014 - 07:14 UTC

  CFK admits having to pay 300% profit on holdouts’ dollars, but never 1.680% as pretended

  

  Argentine President Cristina Fernández rejected on Wednesday the possibility of a new default during the UNASUR-BRICS meeting in Brasilia, highlighting Argentina is going to “keep on paying and honoring its debt,” while asking for support against the “so called vulture funds,” who are “pretending to collapse the Argentine debt restructuring.”

• Thursday, July 17th 2014 - 06:15 UTC

  Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

  

  US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.

• Thursday, July 17th 2014 - 05:49 UTC

  Holdout funds claim in ads campaign that Argentina is choosing default scenario

  

  The American Task Force Argentina (ATFA), the group the government of President Cristina Fernandez has officially accused of being funded by same holdout creditors suing Argentina over its defaulted bonds, has resumed its advertisement campaign against Buenos Aires now saying the Kirchner administration is actually “choosing” a default scenario.