Tag: Thomas Griesa

Friday, July 25th 2014 - 05:14 UTC
Argentina insists on Griesa for some insurance against the RUFO clause

After failing to reach an agreement during Thursday's meeting with court-appointed mediator Daniel Pollack, Argentina reiterated that there could be no negotiations with speculative funds or 'vulture funds' until judge Thomas Griesa provides some insurance against possible liabilities related to the 'Rights upon Future Offers' (RUFO) clause.
Thursday, July 24th 2014 - 22:55 UTC
Speculative funds denies any request to temporary suspend payment order

Argentine debt holdout investor Mark Brodsky, chairman of Aurelius Capital Management, said his group will not ask US Judge Thomas Griesa to suspend his payment order, after a story in Argentina's La Nacion newspaper on Thursday suggested that Paul Singer’s NML Capital Ltd could ask Griesa to reinstate the stay of injunction as requested by Argentina.
Thursday, July 24th 2014 - 07:01 UTC
In defiant speech CFK openly brushes aside any default “because Argentina has paid”

In a defiant speech President Cristina Fernández reiterated on Wednesday that Argentina will “not fall into default” and warned that “they will have to invent a new word” to explain how a country has paid its debt and “someone blocked it”.
Wednesday, July 23rd 2014 - 06:51 UTC
Argentina claims Griesa is blocking bondholders money and using 'vulture funds' language

Argentina reacted strongly to Tuesday's events in the New York federal court which denied its stay request, claiming Judge Thomas Griesa “did not solve absolutely any of the issues for which he summoned today's audience”, insisting with his “unbelievable ban” on structured bonds' collecting their payment.
Wednesday, July 23rd 2014 - 06:42 UTC
Holdouts want to sit down with Argentina and solve the dispute; 'countdown clock'

Following on Tuesday's audience with Judge Thomas Griesa, NML Capital the leading speculative fund litigating with Argentina, issued a release saying “it is willing to hold a meeting with 'Special Master' Daniel Pollack and Argentina to solve the dispute”.
Wednesday, July 23rd 2014 - 01:10 UTC
Griesa rejects 'stay'; orders Argentina and holdouts to meet 'round the clock' to reach a deal

US Judge Thomas Griesa rejected on Tuesday Argentina’s request for a suspension ('stay') on the ruling that ordered Buenos Aires to pay 1.3 billion dollars plus interests to holdout speculative funds and instructed Argentina and holdouts to meet on Wednesday morning for a first face-to-face meeting.
Tuesday, July 22nd 2014 - 06:49 UTC
Argentina again requests stay ruling from Judge Griesa to pay restructured bondholders

Argentina asked U.S. judge Thomas Griesa on Monday to put on hold an order requiring it to pay bondholders who did not participate in debt restructurings following the country's 2002 default, while it seeks a “global resolution.”
Tuesday, July 22nd 2014 - 06:39 UTC
China/Argentina swap disagreements to be addressed by courts in London and Paris

Argentina's current confrontation in New York with Judge Thomas Griesa and the holdout speculative funds brings up the issue of having resigned the sovereignty of Argentine courts at the time of negotiating or restructuring foreign debt.
Monday, July 21st 2014 - 07:38 UTC
Ten hectic days await Argentina, and a possible second default in 12 years

Ten hectic days ahead for Argentina since come 30 July and no agreement has been reached at the New York court of Federal Judge Thomas Griesa, (full payment plus accrued interests to holdout speculative funds) the country would be forced to a second default in twelve years with all the political consequences for Cristina Fernandez and Mercosur.
Thursday, July 17th 2014 - 06:15 UTC
Judge Griesa to hear arguments from banks caught in Argentina/holdouts case

US District Judge Thomas Griesa in New York said on Wednesday that he would hear arguments on July 22 related to the banks and payment agents caught up in the Argentine sovereign debt litigation with holdout speculative funds.