Tag: Thomas Griesa

Thursday, August 21st 2014 - 08:06 UTC
'A contempt of court does not apply to sovereign Argentina', says Capitanich

Anticipating what seems an imminent order of contempt-of-court by US Judge Thomas Griesa following Argentine President Cristina Fernández decision to push a bill to change the payment jurisdiction to Buenos Aires, Cabinet Chief Jorge Capitanich pointed out that as a “sovereign country” Argentina cannot end up in contempt despite Griesa’s warnings.
Thursday, August 21st 2014 - 07:07 UTC
Aurelius Capital brands Argentine leaders 'outlaws' for flouting US courts orders

One of two hedge funds that sued Argentina over defaulted bonds branded the country's leaders “outlaws” on Wednesday after Buenos Aires moved to shift its bond payment method.
Thursday, August 21st 2014 - 06:58 UTC
Italian bondholders' representative supports Argentina decision to change debt's jurisdiction

The Italian legal representative of Argentine bondholders, Tullio Zembo praised the Sovereign Public Debt Payment Law announced by President Cristina Fernandez, saying the decision to change the debt’s jurisdiction to Buenos Aires is “probably the most appropriate.”
Wednesday, August 20th 2014 - 10:00 UTC
Citi tells Griesa its banking license in Argentina is at risk because of the 'holdouts case'

Citigroup has told the US appeals court overseeing the dispute between Argentina and hedge funds refusing to accept terms of the country's debt restructuring that its Argentine banking license may be at risk as a result of the standoff.
Wednesday, August 20th 2014 - 09:22 UTC
Nervous Cristina skirts New York court and pledges to service swapped bonds in Argentina

President Cristina Fernandez said on Tuesday her government will move to service its defaulted debt in Argentina or allow bondholders to swap their bonds for new bonds governed by national law in order to get around a U.S. court order.
Saturday, August 16th 2014 - 09:01 UTC
Argentine Euro-bond holders have appealed Griesa's ruling blocking payment

Holders of Euro-denominated Argentine bonds have appealed judge Thomas Griesa's ruling blocking Argentina from making payments on their debt, according to a court filing.
Thursday, August 14th 2014 - 06:34 UTC
Talks between global banks and Argentine creditor hedge fund “collapsed”

Talks between a group of global banks and at least one major hedge fund about buying a portion of the fund's exposure to Argentine debt have collapsed, a person familiar with the matter told sources in Buenos Aires, amid concerns that the Argentine government has dug in to its refusal to pay certain creditors what they are owed and may not relent for months to come.
Wednesday, August 13th 2014 - 22:29 UTC
Majority of Argentines fear consequences of the default and favor continuing negotiations

A majority of the Argentine electorate is pessimistic about the consequences of the 'selective default' on the economy, but considers that negotiations with the 'holdouts' must continue, according to a public opinion poll from Poliarquia which also showed that support for president Cristina Fernandez has fallen during the last month.
Wednesday, August 13th 2014 - 06:57 UTC
“Homeland or Vultures” militants rally in support of Cristina Fernandez

Thousands of Argentine pro government activists gathered at the Luna Park stadium in Buenos Aires City, to express their support in favor of President Cristina Fernández stand against the so called holdouts (or 'vulture funds') as well as her continuity at the head of the Kirchnerite project.
Monday, August 11th 2014 - 01:54 UTC
Argentina/holdouts, a clash between 'global financial power and political power'

A Judge from Argentina's Supreme Court joined the ongoing battle in New York between the Argentine government and the holdouts and slashed out at the US Supreme Court for rejecting to take the case back in June. Eugenio Zaffaroni argued that the conflict must be addressed in the context of “attacks from the global financial power on political power”.