Tag: Thomas Griesa

Wednesday, July 30th 2014 - 08:02 UTC
Argentine private banks prepared to buy holdouts' credit; Kicillof/Pollack talks to continue today

“Special Master” Daniel Pollack, the mediator appointed by US judge Griesa to resolve the dispute between Argentina and the speculative funds' holdouts said the parts talked “face to face” for the first time and assured a new meeting will be confirmed during the day. If a deal is not reached Wednesday sunset Argentina could again fall into default.
Wednesday, July 30th 2014 - 07:10 UTC
Cristina Fernandez thanks Mercosur support and again attacked Judge Griesa

President Cristina Fernández addressed fellow heads of state at the Mercosur summit in Caracas, where she thanked members of the bloc for their support over the ongoing fight with holdout investors in the New York courts and underlined that Argentina “has paid debt obligations religiously”.
Tuesday, July 29th 2014 - 06:59 UTC
Pollack confirms meeting with Argentina on Tuesday, 24 hours before 'D' day

Argentina will sent a negotiation team to New York on Monday for further talks with a US court-appointed mediator Daniel Pollack in its debt dispute with “holdout” investors, Cabinet Chief Jorge Capitanich said earlier, with just two days left to avert a default.
Tuesday, July 29th 2014 - 05:43 UTC
Some Euro-bond holders willing to waive the RUFO clause, says Bloomberg News

A group of creditors holding about 28% of Argentina's Euro-denominated debt said it would be willing to waive a clause that’s hampering a deal between Argentina and holders of its defaulted bonds from 2001, according to a report by Katia Porzecansky published by Bloomberg News.
Tuesday, July 29th 2014 - 05:35 UTC
“ Argentina Dances With Default”, warns The Wall Street Journal

As Argentina approached the deadline for another default, second in twelve years, the governments of President Cristina Fernandez is trashing a U.S. judge rather than repay creditors, underlines an editorial column from The Wall Street Journal.
Tuesday, July 29th 2014 - 05:27 UTC
Griesa eases bond payments agenda; Argentina complies with the Paris Club

New York judge Thomas Griesa has confirmed that the Citigroup bank will on a one-off occasion be permitted to process payment on Argentine bonds held under Argentine law, which form part of the titles restructured following the default of 2001.
Saturday, July 26th 2014 - 06:36 UTC
Argentina/holdouts impasse remains; delegation back to Buenos Aires for instructions.

Argentina failed to reach a breakthrough with the U.S. court-appointed mediator in its battle with holdout creditors in New York on Friday in talks that lasted just an hour. The Argentine delegation is flying back to seek instructions from its government, mediator Daniel Pollack said, while the country's economy ministry underscored it would continue the dialogue with him over the next few days.
Friday, July 25th 2014 - 05:49 UTC
Holdouts lash out at Argentina: “it is choosing to default next week”

NML Capital Ltd, one of the lead holdout creditors in Argentina's sovereign bond dispute said on Thursday the Argentine government refused to negotiate through a mediator and was all but preparing to default on already restructured debt.
Friday, July 25th 2014 - 05:36 UTC
Argentina/holdouts will meet again on Friday; “issues remain unresolved”

Daniel A. Pollack, the Special Master appointed by Judge Thomas P. Griesa to conduct and preside over settlement negotiations between Argentina and the holdouts from speculative funds said that Thursday's meeting had failed and announced a new audience for Friday at 10:00 in the morning in New York.
Friday, July 25th 2014 - 05:22 UTC
“The muddled case of Argentine bonds”, as seen by New York Times

The following piece was written by Floyd Norris, financial analyst from The New York Times and refers to the complicated process that has emerged from the ongoing battle between Argentina and the holdouts demanding full payment of sovereign bonds, plus accrued interests.