Tag: NML Capital Limited

• Wednesday, June 18th 2014 - 07:37 UTC

  Argentina plans to reopen debt swap program and will request to meet Griesa

  

  Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds held by hedge funds, after the US Supreme Court declined to take Argentina's case against the so-called 'vulture 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.

• Wednesday, June 4th 2014 - 07:43 UTC

  Over 100 British MPs come out in support of Argentina and condemn 'vulture funds'

  

  More than 100 British Members of Parliament have signed a resolution of support for Argentina in the fight against hedge fund holdout investors, and warned that if the United States Justice System ruled against the nation it could fall into default.

• 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.

• Saturday, May 31st 2014 - 06:25 UTC

  Hedge funds' lobby praise Argentina/Paris Club deal; calls for talks with private creditors

  

  Following Argentina's agreement to resolve its 9.7bn debt to Paris Club member nations within five years, American Task Force Argentina co-chairs Robert Shapiro and Ambassador Nancy Soderberg have declared their support for Argentina's pledge to act responsibly and encouraged the Argentine government to go further.

• Tuesday, April 22nd 2014 - 06:45 UTC

  US Supreme Court inclined to limit disclosure of Argentine non-US assets

  

  US Supreme Court justices seemed to indicate on Monday that creditors should be able to seek limited information about Argentina's non-US assets in a case stemming from long-running litigation over Argentina's obligations to hedge bond investors. The US administration of President Barack Obama sided with Argentina based on the foreign sovereignty immunity act.

• Monday, April 21st 2014 - 07:06 UTC

  Argentine bonds' case reaches US Supreme Court; support from Obama administration

  

  The US government will stand before the Supreme Court on Monday in support of Argentina's position in its ongoing legal fight with bond investors over a ruling which forces banks in New York, with which Argentina does business, to disclose information about the country's non US assets, as investors seek repayment.

• Thursday, March 27th 2014 - 08:38 UTC

  US Supreme Court confirms Argentina has friends in its litigation with hedge funds

  

  The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the hedge funds which the administration President Cristina Fernandez refers to as 'vulture funds'.

• Wednesday, March 26th 2014 - 05:54 UTC

  NML Capital targets Argentina's contract for satellite launches with private US company

  

  An Argentine bondholder seeking to collect on hundreds of millions of dollars in judgments stemming from the country's historic 2002 default filed a lawsuit on Tuesday aiming to take control of the country's rights under a contract for satellite launches with a private US firm.