Tag: NML Capital Limited

• Wednesday, March 26th 2014 - 05:33 UTC

  Country and organizations support for Argentina's litigation with hedge funds increases

  

  Argentina underlined the support from Brazil, France, Mexico, (even the IMF), among other institutions in the country's long exhausting litigation with hedge funds, an issue which is “crucial for Argentina and the whole international financial system”.

• Monday, March 24th 2014 - 06:55 UTC

  Brazil, France and Mexico to file papers before the US Supreme Court in support of Argentina

  

  Brazil, France and Mexico are expected to file papers in the US Supreme Court on Monday backing Argentina in its legal battle with bondholders who refused to take part in debt restructurings from the country's 2002 default, according to a source familiar with the litigation.

• Thursday, March 6th 2014 - 05:06 UTC

  US government files 'friendly' support for Argentina before the Supreme Court

  

  The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the hedge funds which the government of president Cristina Fernández refers to as ‘Vulture Funds’.

• Saturday, January 11th 2014 - 06:57 UTC

  US Supreme Court agrees to consider Argentina litigation case with hedge funds

  

  The US Supreme Court agreed on Friday to consider a dispute over subpoenas in a case stemming from long-running litigation over Argentina's obligations to bond investors in the wake of its default on 100 billion dollars in sovereign debt in 2002.

• Tuesday, November 19th 2013 - 08:43 UTC

  Argentina vs. hedge funds: Appeals court latest ruling opens the way to the US Supreme Court

  

  A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.

• Monday, October 7th 2013 - 15:42 UTC

  Breathing space for Argentina’s bonds case: litigation continues at US appeals court level

  

  The U.S. Supreme Court left intact a ruling that may force Argentina to make payments on defaulted government bonds, rejecting that country’s appeal in a clash that has roiled its financial markets. The justices, without comment, on Monday let stand a 2012 U.S. appeals court decision that bars Argentina from making payments on 24 billion in restructured debt unless it also pays owners of the earlier repudiated bonds.

• Friday, October 4th 2013 - 06:53 UTC

  Argentina credit rating conditioned by poor credibility and unreliable stats, says Moody’s

  

  An upgrade of Argentina’s credit rating depends on the government taking measures to boost data credibility while compensating investors holding defaulted debt and companies for expropriated assets, said Gabriel Torres, Argentina’s sovereign credit analyst at Moody’s Investors Service.

• Tuesday, October 1st 2013 - 18:32 UTC

  US Supreme Court possible action on Argentina/hedge funds case deferred a week

  

  The US Supreme Court on Tuesday took no action on a landmark case pitting Argentina against creditors which could have deep repercussions for financially troubled governments and their creditors. The court had been expected to announce whether it would review the case, but it was not included in a list of cases accepted or denied for review that was released on Tuesday.

• Monday, September 30th 2013 - 17:00 UTC

  Argentina hopes US Supreme Court hears its case with the hedge funds

  

  The US Supreme Court was scheduled to meet behind closed doors on Monday to decide whether to hear a high-profile appeal by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country's 2002 default.

• Thursday, September 26th 2013 - 22:43 UTC

  Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes

  

  New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.