Tag: Thomas Griesa

Saturday, July 5th 2014 - 08:48 UTC
The Economist on Argentina: “The Luis Suarez of international finance”

In its latest edition The Economist writes about Argentina’s debt stand-off, and states this “reflects a teenage attitude that rules are there to be broken”.
Friday, July 4th 2014 - 07:47 UTC
Kicillof confirms meeting of Argentine delegation with mediator Pollack

Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator 'Special Master' Daniel Pollack over the legal battle currently raging between the nation and holdout hedge funds as 'vulture funds', while clarifying that those funds would not be present.
Friday, July 4th 2014 - 06:00 UTC
OAS supports Argentina on hedge funds issue; Timerman regrets “US attitude”

The Organization of American States (OAS) voted on Thursday to support Argentina’s position against holdout investors, as well as expressing concern over what the entity called “the behavior of speculative agents that affect global financial stability.”
Thursday, July 3rd 2014 - 06:57 UTC
US bank caught in bonds litigation requests guidance from Judge Griesa

The Bank of New York Mellon, fearful of being sued by Argentine bondholders and unwilling to defy a court order blocking their coupon payments, is seeking guidance from U.S. Judge Thomas Griesa on what to do with the money.
Thursday, July 3rd 2014 - 06:26 UTC
Roubini warns about negative consequences from the Argentine case

The economist famous for predicting the 2008 financial crisis has analyzed Argentina’s current dispute against vulture funds warning “holdouts must not be permitted to block orderly restructurings that benefit debtors and creditors.”
Thursday, July 3rd 2014 - 06:17 UTC
Hedge funds challenge Kicillof to meet them on Thursday in Washington

The NML Capital hedge fund is ready to meet and negotiate directly with Argentine Economy minister Axel Kicillof and is willing to do so on Thursday, according to a top-ranking executive of the hedge fund involved in a long standing litigation with the Argentine government over defaulted debt.
Wednesday, July 2nd 2014 - 07:53 UTC
“Vulture funds not interested in negotiations” claims Minister Kicillof

“Vulture funds are not interested in negotiations”, and all they want is “to get hold of the money for re-structured bonds holders”, said Argentina's Ministry of Economy in a release made public late Tuesday, the last exchange on the ongoing battle in a New York court with holdout hedge funds.
Tuesday, July 1st 2014 - 23:57 UTC
Argentina's Paris Club and Repsol debt deals possible accord path, hint holdout funds

One of the holdout hedge funds involved in the lawsuit against the Argentine government over pending debt from the 2001 bonds default, pointed out on Tuesday that the agreements struck by Argentina with Spanish oil and conglomerate Repsol and the Paris Club are good examples for the basis of an eventual understanding.
Tuesday, July 1st 2014 - 14:59 UTC
Holdout hedge funds claim Argentina never turned up to negotiate a settlement

Holdout investors involved in litigation with Argentina over sovereign debt said on Monday they have not met with the government to negotiate a settlement on defaulted debt, and accused Buenos Aires of refusing to enter talks as a 30-day countdown to default begins.
Tuesday, July 1st 2014 - 07:14 UTC
Argentina confirmed Monday 7 July negotiations with hedge funds as instructed by Griesa

Argentina confirmed that next Monday, 7 July it will hold a meeting with “Judge Thomas Griesa delegate, Daniel Pollack”, in the framework of the current litigation with speculative funds, according to a Monday release from the Ministry of Economy in Buenos Aires.