Tag: Thomas Griesa

• Saturday, August 9th 2014 - 07:45 UTC

  Despite warning, Kicillof again defies and again accuses Griesa of 'partiality'

  

  Economy ministry Axel Kicillof once again defiantly insisted Argentina has made a required debt payment on restructured sovereign bonds on Friday night, just hours after a U.S. judge threatened a contempt-of-court order if Argentina did not stop issuing such statements.

• Saturday, August 9th 2014 - 07:34 UTC

  Griesa warns Argentina with 'contempt' if it continues with “false and deceiving statements”

  

  New York district judge Thomas Griesa on Friday threatened to declare Argentina in “contempt” of court if the Republic continues to make “false and deceiving statements,” following Argentina’s claim it has already paid exchange bondholders and has no pending obligations, as it deposited 539 million dollars in bond payments in Bank of New York Mellon (BoNY) and Citibank.

• Friday, August 8th 2014 - 08:57 UTC

  Argentina urges Obama to intercede in holdouts case: Griesa is 'interfering with US foreign policy'

  

  Argentine President Cristina Fernández on Thursday urged US President Barack Obama to intercede in the dispute between Argentina and holdouts over Argentine debt, while blasting New York judge Thomas Griesa for “not making any sense”.

• Friday, August 8th 2014 - 08:49 UTC

  The Guardian: How Barack Obama could end the Argentina debt crisis

  

  By Greg Palast (*) - US president need only inform a federal judge that vulture fund billionaire Paul Singer is interfering with the president's sole authority to conduct foreign policy. He hasn't. But why not?

• Friday, August 8th 2014 - 07:09 UTC

  Griesa summons hearing for Friday; Argentina launches proceedings against the US in The Hague

  

  New York District judge Thomas Griesa has scheduled a hearing at 4 pm local time on Friday to address Argentina's recent public statements over their attempts to pay creditors, a court official said. Representatives from both Argentina and holdout investors have been called to the hearing, which will take place in New York.

• Thursday, August 7th 2014 - 07:02 UTC

  Argentina closer to contempt of court as it suggests bondholders to change paymaster

  

  New York district judge Thomas Griesa and the Argentine government are again on the collision course: while the magistrate has ordered the Bank of New York Mellon to retain the funds deposited by Argentina to pay exchange bondholders and declaring the payment “illegal”, the Ministry of Economy in Buenos Aires suggested bondholder should change BONY for a new intermediary institution.

• Wednesday, August 6th 2014 - 08:02 UTC

  Argentina will demand Citibank and BONY to pay exchange bondholders

  

  The Argentine Government will formally demand that Citibank and the Bank of New York Mellon pay exchange bondholders, the Economy Ministry informed on Tuesday in a press release.

• Tuesday, August 5th 2014 - 07:14 UTC

  Argentina planning to question Judge Griesa before the International Court of Justice

  

  Argentina's Legal and Technical Secretary to the Presidency Carlos Zannini is overseeing a group of experts in international law as they draft the suit the government of President Cristina Fernandez will file against US Judge Thomas Griesa’s ruling on full repayment to holdout bondholders at International Court of Justice in the Hague, according to Noticias Argentinas-

• Tuesday, August 5th 2014 - 06:54 UTC

  Griesa praises Pollack's 'great skill” and reveals he directed the use of 'default'

  

  U.S. District Judge Thomas Griesa on Monday turned back an effort by Argentina's government to remove the court-appointed mediator in the dispute with creditors that triggered a 'selective default' situation by the country last week. He also revealed that the default condition was at his direction and was 'accurate'.

• Monday, August 4th 2014 - 07:34 UTC

  Debt ruling shows a callous disregard to the effects on Argentina

  

  By Eileen Appelbaum (The New York Times) - There is no way to construe as fair the United States court ruling that Argentina cannot pay 93% of its creditors, unless it first pays a small group of hedge funds. It's not fair to the 93% of bondholders who negotiated a restructuring of Argentina’s debt in 2005 and 2010 with reduced payments.