Tag: NML Capital Limited

• Thursday, November 6th 2014 - 07:22 UTC

  Argentina and hedge fund NML Capital ratify their commitment to keep fighting

  

  Argentine Central bank chief Alejandro Vanoli, said the country will be not getting down on its knees in a negotiation with 'vulture funds' (hedge funds), once the January first date comes and the controversial RUFO clause, (preventing Argentina from voluntarily offering holdout creditors better terms than those of its 2005 and 2010 restructurings), falls.

• Wednesday, November 5th 2014 - 03:43 UTC

  Argentina appeals Judge Griesa's 'contempt of court' ruling

  

  Argentina on Monday asked the Second Circuit Court of Appeals to overturn a federal judge’s finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.

• Saturday, October 25th 2014 - 10:09 UTC

  Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

  

  Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.

• Saturday, October 25th 2014 - 10:02 UTC

  Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

  

  U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

• Thursday, October 23rd 2014 - 05:57 UTC

  US Appeals court sends Argentina back to Judge Griesa on BONY's case

  

  A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.

• Wednesday, October 8th 2014 - 03:50 UTC

  Brazilian and Chinese banks support for Argentina in bonds litigation confirmed

  

  Brazil’s PTG Pactual Bank and the China Construction Bank are at the forefront of the initiative to buy up the 1.6 billion dollars of debt which Argentina owes “holdouts” NML-Elliott and Aurelius, according to a report from Buenos Aires Ambito Financiero, the country's leading financial newspaper.

• Tuesday, October 7th 2014 - 00:53 UTC

  Holdouts insist they want to negotiate with Argentina a solution to bonds dispute

  

  Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing “to negotiate” but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt.

• Monday, October 6th 2014 - 07:33 UTC

  Italian holdouts, following on Paul Singer, present demand against Argentina

  

  Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.

• Saturday, September 20th 2014 - 08:11 UTC

  US court dismisses Citibank and Argentina appeal: back to Judge Griesa

  

  A US court on Friday dismissed an appeal by Citibank and Argentina to let the country make payments on debt tied up in a bitter legal battle with hedge funds.

• Friday, September 12th 2014 - 06:55 UTC

  With the new bill “Argentina wants to pay, can pay and will pay all contracted debts”

  

  Argentine President Cristina Fernández signed into law the Sovereign Debt bill, which changes the payment location of Argentine bondholders and which was approved by Congress early Thursday morning after 18 hours of debate.