Tag: Thomas Griesa

Thursday, September 26th 2013 - 22:43 UTC
Argentina appeals Judge Griesa ruling stating central bank reserves are ‘seizable’ for certain purposes

New York Judge Thomas Griesa has ruled against Argentina's request to dismiss a lawsuit over the Central Bank (BCRA) reserves, which if upheld could allow holdout creditors to seize assets belonging to the country.
Friday, August 30th 2013 - 02:00 UTC
Judge Griesa looking into latest announcements by president Cristina Fernandez

A court hearing in New York scheduled for Thursday midday between hedge funds holders of Argentine defaulted bond and lawyers for the Argentine government was called off on request from the holdouts.
Monday, August 26th 2013 - 03:01 UTC
Argentina defiant of bonds‘case latest ruling: ‘they want to take us back to 2001’

Argentine Economy minister Hernán Lorenzino said that the New York appeals court ruling supporting Judge Thomas Griesa decision in favour of paying the hedge funds the 1.3bn dollars they are demanding, was an “attempt to take the country back to 2001”.
Friday, August 23rd 2013 - 23:15 UTC
“Uniquely recalcitrant debtor” Argentina loses bonds’ appeal: next step US Supreme Court

Argentina lost on Friday its appeal of a ruling that would force it to pay in full holders of 1.3 billion dollars in defaulted debt when it makes a payment to investors who took discounted restructured bonds, opening the prospect for a US Supreme Court appeal, which if it happens will push the litigation into 2014.
Monday, July 22nd 2013 - 06:41 UTC
US Supreme Court gives hedge funds another 30 days to contest Argentina’s appeal

The US Supreme Court gave hedge funds another month to present their reply following on the request from the Argentine government to review the sentence handed down by Judge Thomas Griesa and partially supported by the Appeals Court.
Thursday, July 18th 2013 - 08:35 UTC
IMF sides with Argentina in dispute with hedge funds holding defaulted bonds

In an unprecedented move, the International Monetary Fund plans to ask the US Supreme Court to review Argentina's case in a decade-old legal battle with holdout creditors, because of the implications it could have on sovereign debt restructurings.
Friday, July 12th 2013 - 22:05 UTC
German courts reject petition from hedge fund holders of Argentine debt

German courts have rejected a petition from bondholders related to the Argentine debt 'default', using a similar interpretation based in the 'pari passu' clause that hedge funds pursued in New York which was accepted by Judge Thomas Griesa.
Tuesday, June 25th 2013 - 23:33 UTC
Argentina appeals to US Supreme Court its legal battle with ‘holdout’ creditors

Argentina took on Tuesday its legal battle with “holdout” creditors to the US Supreme Court by appealing an adverse decision handed down by a lower US court in October of last year, according to Telam the official news agency from the Argentine government.
Friday, May 24th 2013 - 07:10 UTC
As the US before IMF lines up behind Argentina in the litigation with hedge funds

For the first time since the litigation of hedge funds against Argentina the International Monetary Fund warned about the ‘risks’ which would entail ratifying Judge Thomas Griesa ruling condemning Argentina to pay over a billion dollars plus interests to the so called ‘vulture funds’.
Friday, May 24th 2013 - 07:05 UTC
Argentina raids factory of US investor head of a hedge fund litigating defaulted sovereign bonds

Argentine authorities investigating alleged tax and currency exchange fraud searched this week the factory of a U.S. investor who is among litigants seeking hundreds of millions over Argentina's 2001 default.