Tag: NML Capital Limited

Thursday, December 10th 2015 - 08:18 UTC
Pollack confirms Macri´s administration intention of negotiating with hedge funds

The court-appointed mediator in a long-running debt dispute pitting Argentina against holdout hedge funds said Wednesday that President-elect Mauricio Macri's incoming administration intended to negotiate a settlement.
Saturday, October 31st 2015 - 07:04 UTC
Griesa accepts 'me too' claims and raises Argentina's bond debt to US$ 9bn

US judge Thomas Griesa on Friday accepted the priority repayment claims of hundreds more Argentine bondholders who did not join a huge debt restructuring. The ruling, on 49 complaints representing debt worth $6.1 billion, added fresh pressure on Buenos Aires which has refused to pay off two hedge fund creditors that already won court support for their claims.
Thursday, October 29th 2015 - 06:31 UTC
Argentina: Holdouts dispute, a Cristina Fernandez legacy for the next government

US District Judge Thomas Griesa of New York on Wednesday urged Argentina to resume talks to settle bondholder litigation flowing from its $100 billion default in 2002. The judge made the remarks as creditors suing over defaulted bonds urged him to expand to nearly $8 billion the amount Argentina must pay them to service its restructured debts.
Tuesday, October 6th 2015 - 07:28 UTC
Victory for Argentina in its ongoing battle with speculative funds

The 2nd US Circuit Court of Appeals in New York refused on Monday to force Bank of New York Mellon Corp to turn over to holders of defaulted Argentine bonds any of the $539 million the country deposited in 2014 to pay creditors who participated in its past restructurings.
Thursday, August 13th 2015 - 06:45 UTC
Griesa sanctions Argentina for not turning in information on assets

New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize.
Tuesday, August 11th 2015 - 07:55 UTC
Argentina wins a battle in its ongoing struggle with hedge funds

Argentina on Monday won a battle in its ongoing struggle with hedge funds holding sovereign bonds. In this case Argentina managed the reversal of a U.S. judge's ruling that a group of bondholders suing over its defaulted debt said entitled them to $700 million.
Saturday, June 6th 2015 - 08:00 UTC
Argentine debt climbed 5.4bn of Friday following Griesa's ruling favoring 'me too' bond holders

Argentina must pay US$5.4 billion to more than 500 “me-too” holders of defaulted debt before it can pay the majority of its creditors, a US judge ruled on Friday. Argentina anticipated it would appeal the ruling.
Saturday, May 9th 2015 - 09:57 UTC
Argentina will file complaints against speculative funds in Belgium

Economy Minister Axel Kicillof confirmed the Argentine government will be filing a complaint against speculative or 'vulture' funds for seeking to seize the accounts of the Argentine embassy in Belgium, and the Argentine mission before the EU in Brussels, adding hedge funds are the most “despicable and repugnant” of the world financial system.
Friday, May 8th 2015 - 07:37 UTC
Argentina denies as 'inexact' any embargo on embassy bank funds in Belgium

The Argentine government in a late release on Thursday strongly denied an 'inexact information' related to alleged embargos by speculative funds (or vulture funds) on bank accounts from the Argentine embassy and its staff, in Belgium, and said that the attempts to freeze 'embassy funds' are but a new extortion attempt and a clear procedure abuse which could be sanctioned by Belgian tribunals.
Thursday, April 23rd 2015 - 08:54 UTC
Griesa rules hedge funds entitled to details of recent Argentine bond offering and banks must comply

U.S. judge on Wednesday ruled that hedge funds suing over unpaid debt stemming from Argentina's 2002 default are entitled to details of a recent bond offering by Buenos Aires.