Tag: Paul Singer

Monday, February 17th 2014 - 09:03 UTC
Argentina vs hedge funds: second chapter of appeal before the US Supreme Court

The Argentine government will appeal on Monday before the US Supreme Court for the second time against the hedge funds claim. The Supreme Court is the last judiciary step in the dispute.
Wednesday, January 29th 2014 - 21:36 UTC
Hedge fund boss Singer rejects as 'bizarre' Argentine bondholders offer

Paul Singer, head of Elliot Management Corp., defined as “bizarre”, the bondholders’ offer to resolve judicially the dispute with Argentina over the debt in default from 2001, during in a letter sent to investors and published by Bloomberg News.
Tuesday, January 28th 2014 - 22:44 UTC
Hedge fund CEO says that dispute with Argentina could be settled 'in an afternoon'

Paul Singer, CEO of hedge fund Elliott Management Corporation and who is litigating Argentina demanding full payment of defaulted bonds described Argentina's government policies as 'horrendous' and stated that 'talking' he could settle the dispute 'in an afternoon'.
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.
Saturday, December 7th 2013 - 06:08 UTC
US government intervenes in favor of Argentina in defaulted-bonds ongoing case

The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling.
Thursday, October 31st 2013 - 20:44 UTC
Hedge fund remains hopeful of a “consensual resolution” of bonds dispute with Argentina

In a letter to investors dated October 28, Elliott Management said it remained hopeful that a “consensual resolution” can be achieved with Argentina regarding the hedge funds dispute. Elliott, which ranks among the industry's most enduring funds, having opened in 1977 with one million dollars in assets, tried to force Argentina to make full payment on bonds it bought more than a decade ago.
Thursday, September 12th 2013 - 05:07 UTC
US Supreme Court on September 30 will consider if it hears Argentina’s appeal on hedge funds

The US Supreme Court will use its Sept. 30 private conference to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. The schedule, revealed on Wednesday on the court’s public docket, means the justices may say as early as Oct. 1 whether they will review a 2012 federal appeals court ruling that requires Argentina to pay holders of defaulted bonds if the country makes payments on restructured debt.
Thursday, September 5th 2013 - 02:06 UTC
Nobel Prize Stiglitz comes out strongly in support of Argentina in bonds litigation

“A recent decision by a United States appeals court threatens to upend global sovereign-debt markets. It may even lead to the US no longer being viewed as a good place to issue sovereign debt. At the very least, it renders non-viable all debt restructurings under the standard debt contracts.
Friday, August 30th 2013 - 02:00 UTC
Judge Griesa looking into latest announcements by president Cristina Fernandez

A court hearing in New York scheduled for Thursday midday between hedge funds holders of Argentine defaulted bond and lawyers for the Argentine government was called off on request from the holdouts.
Tuesday, August 27th 2013 - 01:13 UTC
Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.