Tag: Paul Singer

• Monday, August 26th 2013 - 03:01 UTC

  Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

  

  Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.

• Friday, August 23rd 2013 - 23:15 UTC

  “Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

  

  Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.

• Tuesday, August 6th 2013 - 03:19 UTC

  Iran’s activity in the Americas to be re-evaluated, pledges Kerry to Congress

  

  In a recent letter to Republican senator Mark Kirk, the US State Department said that in light of Argentine prosecutor Alberto Nisman's report on Iran, they were now re-evaluating the information in their highly criticized May report on Iranian activity in the Western Hemisphere.

• Monday, July 22nd 2013 - 06:41 UTC

  US Supreme Court gives hedge funds another 30 days to contest Argentina’s appeal

  

  The US Supreme Court gave hedge funds another month to present their reply following on the request from the Argentine government to review the sentence handed down by Judge Thomas Griesa and partially supported by the Appeals Court.

• Saturday, July 20th 2013 - 06:03 UTC

  Argentina/hedge funds dispute: US will not file ‘uninvited’ brief to Supreme Court

  

  The Barack Obama administration won’t file a brief next week urging the U.S. Supreme Court to hear Argentina’s appeal in a clash with implications for tens of billions of dollars in defaulted debt, according to a Justice Department spokesman.

• Thursday, July 18th 2013 - 08:35 UTC

  IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

  

  In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.

• Sunday, July 14th 2013 - 23:53 UTC

  Argentina litigation with hedge funds; ‘US could end siding with Buenos Aires’ says Washington Post

  

  The United States Justice, Treasure and State Department officials met on Friday with lawyers both from Argentina and hedge funds that refused to accept the administrations of presidents Nestor Kirchner and Cristina Fernandez debt swaps, The Washington Post reported on Saturday.

• Saturday, April 20th 2013 - 08:39 UTC

  US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit

  

  Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking.

• Thursday, April 4th 2013 - 02:47 UTC

  Argentine defaulted bond-holders have until 22 April to respond to the proposed payment plan

  

  A US appeals court gave holders of defaulted Argentina debt three weeks to respond to the country’s proposed plan to pay them much less than the 1.33 billion dollars they have sued to collect.

• Monday, February 25th 2013 - 06:22 UTC

  Argentina and ‘holdout hedge funds’ prepare for the final clash this week

  

  The long-awaited showdown in a US appeals court this week pits Argentina against a group of investors who refused to swap their debt after the country's historic 2002 default.