Tag: NML Capital Limited

• Friday, July 12th 2013 - 22:05 UTC

  German courts reject petition from hedge fund holders of Argentine debt

  

  German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.

• Tuesday, June 25th 2013 - 23:33 UTC

  Argentina appeals to US Supreme Court its legal battle with ‘holdout’ creditors

  

  Argentina took on Tuesday its legal battle with “holdout” creditors to the US Supreme Court by appealing an adverse decision handed down by a lower US court in October of last year, according to Telam the official news agency from the Argentine government.

• Tuesday, June 25th 2013 - 16:43 UTC

  Ghana Supreme Court rules that seizure of ARA Libertad was “fundamentally and patently wrong”

  

  Ghana's Supreme Court has ruled that the seizure of an Argentine warship that led to a weeks-long ordeal last year was “fundamentally and patently wrong,” a copy of the decision released last Friday said.

• Saturday, April 20th 2013 - 08:39 UTC

  US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

  

  Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.

• Thursday, March 28th 2013 - 09:56 UTC

  Argentina prepared to offer suing ‘vulture funds’ a 25-year bond, says Ambito

  

  Argentina plans to offer suing “holdout” creditors a 25-year bond equal to the face value of their debt when the country defaulted in 2002, local financial daily Ambito Financiero reported on Wednesday.

• Saturday, November 17th 2012 - 05:59 UTC

  ARA Libertad case to be discussed by Argentina and Ghana November 29/30

  

  Argentina announced on Friday that the International Tribunal for the Law of the Sea proposed November 29 and 30 as the days to hold the hearings between Argentina and Ghana over the seizure of the ARA Libertad Frigate at Ghana's Tema Port.

• Saturday, November 17th 2012 - 05:53 UTC

  “Technical issues” delaying Argentine Navy vessel departure from South Africa

  

  The Argentine Navy said that repair works in the corvette ARA Espora, which has been stranded in South Africa for over five weeks “are 65% completed” and denied there were any debts pending with the German company that is responsible for the maintenance of the MEKO class corvettes as was reported earlier in the Buenos Aires press.

• Friday, November 16th 2012 - 01:52 UTC

  Africa and Latin America Still Fight Vulture Funds

  

  By Hector Timerman - Foreign Minister Héctor Timerman underlined Argentina’s struggle against paying ‘vulture funds’ in an article written for US newspaper Huffington Post about how Latin American and Africa are affected by these funds.

• Thursday, November 15th 2012 - 02:16 UTC

  Contacts with Ghana navy help restore water and power supply to ARA Libertad

  

  Ghana port authorities, GPHA, on Wednesday re-established water and power supply to the Argentine Navy flagship ARA Libertad retained in Tema, according to naval sources from Buenos Aires.

• Wednesday, November 14th 2012 - 23:44 UTC

  Holdout bonds’ ruling: Argentina files a retrial petition at the US Court of Appeals

  

  Argentina filed on Tuesday a petition for a retrial at the US Second Circuit Court of Appeals over a debt ruling that would force the country to pay holdout creditors owning bonds in default since 2002.