Tag: Paul Singer

• 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'.

• Monday, June 9th 2014 - 20:52 UTC

  Positive scenario for Argentina's decisive battle with hedge funds later this week

  

  New York judge Thomas Griesa rejected last week a request by hedge fund investor Paul Singer to chide Argentina over its apparent “best option” plan to default on all its debt should it lose its last-chance appeal later this week before the US Supreme Court.

• 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.

• Friday, May 9th 2014 - 07:11 UTC

  Holdout bondholders tell US Supreme Court Argentina's case is “undeserving of review”

  

  Holders of Argentine sovereign debt this week asked the U.S. Supreme Court not to hear that country's appeal of lower court decisions ordering it to pay them 1.33 billion dollars in a case Argentine officials warn could force it to default on its sovereign debt.

• Wednesday, April 30th 2014 - 03:49 UTC

  Holdout hedge funds admit they prefer to negotiate with whoever succeeds Cristina Fernandez

  

  Elliot Management Hedge Fund claimed on Tuesday that President Cristina Fernández administration refuses to negotiate a solution over Argentine debt in default, stating that they would prefer to seek a solution with the head of state's successor in 2015.

• 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.

• 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.

• 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’.

• Wednesday, February 19th 2014 - 05:11 UTC

  Argentina appeals hedge funds case to US Supreme Court; warns of 'havoc' if lower court ruling stands

  

  Argentina announced on Tuesday it had appealed to the US Supreme Court against a lower court order to pay off hedge fund investors in its bonds, arguing that order violated its sovereignty.