Tag: Thomas Griesa

Monday, March 23rd 2015 - 17:20 UTC
Griesa yields: allows Citibank to process interest payments of Argentine law bonds

United States Judge Thomas Griesa finally authorized Citibank Argentina to process interest payments of bonds issued under Argentine law, with a payment deadline on March 31 and on June 30, and to exit its custody business in Argentina.
Saturday, March 21st 2015 - 05:55 UTC
Cristina Fernandez warns Citibank must comply with Argentine law

President Cristina Fernandez warned on Friday that banks operating in Argentina must obey its laws, amid a row over Citibank's refusal to defy a US court order blocking Buenos Aires from repaying its restructured debt. At the end of the month, 31 March, Citibank as custodial has to pay Argentine restructured bonds.
Thursday, March 19th 2015 - 08:01 UTC
Argentina asks Citigroup how it will react to Judge Griesa' decision

Argentine Economy Minister Axel Kicillof has revealed the government sent a letter to Citigroup asking how the bank will react, after New York district judge Thomas Griesa decided not to kill an injunction that blocked Citi from processing interest payments on 2.3 billion dollars of Argentina bonds, under Argentine law.
Wednesday, March 18th 2015 - 08:07 UTC
Citigroup to exit custodial business in Argentina following ruling from Judge Griesa

Citigroup Inc announced on Tuesday it plans to exit its custodial business in Argentina as soon as possible, after a US judge refused to lift an injunction that blocked the bank from processing interest payments on 2.3 billion of Argentina bonds, issued under Argentine law.
Tuesday, March 17th 2015 - 07:23 UTC
Griesa rejects Citigroup petition to allow payment of bonds issued under Argentine law

New York district judge Thomas Griesa has declined a request from the Citigroup bank to allow the entity to process the payment of Argentine bonds under local law while an appeal against the magistrate's negative ruling is being prepared.
Sunday, March 15th 2015 - 00:54 UTC
Argentina blasts Judge Griesa ruling blocking Citigroup from paying bonds issued under local law

A release from the Argentine Economy Ministry considered US Judge Thomas Griesa's ruling issued on Thursday “a shameful excess of jurisdiction”. Judge Griesa blocked Citigroup Inc from processing interest payments by Argentina on some bonds issued under the country's law.
Friday, March 13th 2015 - 11:18 UTC
Griesa blocks Citigroup from paying interest on Argentine bonds; group will appeal

A United States federal judge on Thursday said Citigroup Inc cannot process interest payments by Argentina on some bonds issued under that country's law. U.S. District Judge Thomas Griesa in Manhattan said letting Citigroup process the payments on so-called dollar-denominated exchange bonds would violate a requirement that Argentina treat bondholders equally.
Saturday, February 21st 2015 - 05:17 UTC
Argentina suggests Judge Griesa to remove Pollack, since he favors 'holdouts'

Argentina's Economy minister Axel Kicillof suggested on Friday that no negotiation is possible with the holdout funds as long as 'special master' appointed by US Judge Thomas Griesa continues in his post, since ”he clearly favors 'vulture funds' (holdouts)”.
Tuesday, January 6th 2015 - 22:49 UTC
Aurelius hedge fund denies being part of lawsuit filed against Petrobras

Aurelius Capital Management, one of the main plaintiffs against Argentina in New York District Judge Thomas Griesa’s courtroom, has denied being part in a lawsuit filed against Brazilian state-owned oil company Petrobras, in response to accusations by Argentina’s Economy Minister Axel Kicillof.
Wednesday, December 17th 2014 - 13:11 UTC
US Court of Appeals will hear Argentine case on assets disclosure

US Court of Appeals for the Second Circuit in Manhattan this Wednesday morning will hear Argentina’s appeal against US Judge Thomas Griesa’s order to Argentine banks to provide information on the state’s assets.