Tag: Thomas Griesa

Saturday, September 6th 2014 - 06:36 UTC
Argentina and holdouts again disagree before Pollack; end of September another deadline

Argentina still has “unresolved” issues preventing a settlement with bondholders suing the country for repayment after not participating in the country's restructurings following its 2002 default, a court-appointed mediator said Friday.
Monday, September 1st 2014 - 13:46 UTC
Timerman presents plan to regulate sovereign debts before the UN on Tuesday

Foreign Minister Hector Timerman referred to Argentina’s plan to regulate international debt restructurings, to be presented on Tuesday before the UN’s General Assembly, and stressed the importance of the project saying that “the legal loophole is huge” and that it affects “most of the countries in the world.”
Saturday, August 30th 2014 - 08:01 UTC
Judge Griesa schedules new hearing; Argentina appeals to United Nations on holdout case

The US judge overseeing litigation by Argentina and creditors who did not participate in the country's past debt restructurings scheduled a hearing to assess whether Citigroup Inc (C.N) should be forced to comply with a subpoena.
Friday, August 29th 2014 - 05:56 UTC
Argentina will only negotiate with all bondholders: no more piecemeal debt talks

Argentina's government ruled out further piecemeal debt talks with a small group of U.S. hedge funds (holdouts) and said the country needed to strike a deal with all bondholders including those which have rejected past restructuring agreements as a single group.
Wednesday, August 27th 2014 - 06:33 UTC
Argentina revokes BONY authorization to operate and act as trustee

Argentina's Cabinet Chief Jorge Capitanich confirmed that the country's Office of the Superintendent of Financial and Exchange Institutions has revoked the authorization for the bank of New York Mellon to operate in Argentina.
Tuesday, August 26th 2014 - 06:42 UTC
Soros group and others file lawsuit against BONY over payments in Euros

A group of hedge funds, including George Soros’s Quantum Partners and J. Kyle Bass’s Hayman Capital, is seeking a 226 million Euro interest payment on Argentine bonds from Bank of New York Mellon, BONY, that was blocked by a United States judge last month.
Friday, August 22nd 2014 - 08:20 UTC
Nobel Prize Stiglitz sides with Argentina in reopening the debt swap

In an interview with Argentina’s daily 'Ambito Financiero', Nobel Economics laureate Joseph Stiglitz considered the Argentine government’s move to reopen the debt swap and replace the Bank of New York Mellon with local Banco Nacion as trustee a “good call” saying the reopening would not be mandatory, “voluntarily” inviting bondholders to join the strategy.
Friday, August 22nd 2014 - 07:43 UTC
Argentina describes Griesa as 'ignorant' and lacking knowledge on democratic institutions

The Argentine government again blasted Judge Thomas Griesa for declaring 'illegal' the bill sent to Congress referred to the country's debt and creditors, and said the magistrate “ignores national sovereignty” and “ignores how democratic institutions function”.
Friday, August 22nd 2014 - 07:17 UTC
Griesa leaves Argentina 'in contempt' ledge; warns any change of jurisdiction was 'lawless'

US District Judge Thomas Griesa declared on Thursday that an Argentine plan to change the 'jurisdiction' of restructured foreign debt was illegal, while resisting holdout investors' demands that Argentina be held in contempt of court for attempting to change the site of payment to Buenos Aires.
Thursday, August 21st 2014 - 08:30 UTC
Kicillof: “no change of NY jurisdiction, but a change of payment location”

Argentina's new plan to skirt U.S. courts and resume payment on defaulted bonds aims to protect creditors who participated in two debt restructurings, Economy minister Axel Kicillof said on Wednesday. But he also emphasized that the bill sent to Congress did not mean a 'change of jurisdiction' from New York but rather a change of payment 'location'.