Tag: Thomas Griesa

• Saturday, October 25th 2014 - 10:09 UTC

  Another hedge fund, Dart container, after Argentine assets to cash defaulted bonds

  

  Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds.

• Saturday, October 25th 2014 - 10:02 UTC

  Argentina's bonds dispute: Judge Griesa delays a week a Citigroup hearing

  

  U.S. District Judge Thomas Griesa has delayed by a week a December hearing to consider whether Citigroup Inc should be allowed to process an interest payment by Argentina on bonds issued under its local laws following its 2002 default.

• Thursday, October 23rd 2014 - 05:57 UTC

  US Appeals court sends Argentina back to Judge Griesa on BONY's case

  

  A U.S. appeals court on Wednesday dismissed the Argentine government's appeal of an order directing Bank of New York Mellon Corp to hold onto 539 million dollars the country deposited for its restructured bondholders.

• Tuesday, October 7th 2014 - 05:46 UTC

  “Blue” dollar in Argentina further plummets as market waits for new rules

  

  The US 'blue' or informal dollar plunged 35 cents at the end of trading on Monday in Argentina to 14.95 Pesos after dropping another 20 cents last Friday, amid uncertainty about the new Central bank authorities policies and what is anticipated will be tighter controls on 'illegal' trading.

• Tuesday, October 7th 2014 - 00:43 UTC

  Griesa orders Argentina to reinstate BoNY as trustee for bondholders' payments

  

  US Judge Thomas Griesa has ordered Argentina to reinstate the Bank of New York Mellon (BoNY) as trustee for bondholders payments and “reverse the steps taken” with the approval of the so-called Sovereign Payment law that replaced it with the country's Nacion Fideicomisos.

• Monday, October 6th 2014 - 07:33 UTC

  Italian holdouts, following on Paul Singer, present demand against Argentina

  

  Italian bondholders filed a complaint order to United States District Judge Thomas Griesa asking to be given the same benefits as Aurelius Management and NML Management, the “holdouts” that were authorized by Griesa to be paid the full debt Argentina has with them.

• Friday, October 3rd 2014 - 07:36 UTC

  Brazil private sector wants to help Argentina in the dispute with 'holdouts'

  

  According to Argentina's leading and most influential financial newspaper, Ambito Financiero, Brazil, via the private sector could come to the rescue of Argentina in its ongoing dispute with the speculative funds in the New York court presided by Judge Thomas Griesa.

• Wednesday, October 1st 2014 - 08:09 UTC

  US calls on Argentina “to normalize relations with all bondholders”

  

  While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations.

• Wednesday, October 1st 2014 - 07:42 UTC

  Argentine president claims the US wants her removed: “if something happens to me, look North”

  

  Argentine president Cristina Fernandez defiantly claimed on Tuesday that financial, industrial and local political groups together with outside support want to remove her from office, and warned that “if something happens to me, don't look to the Mid East, look North” in clear reference to the United States.

• Tuesday, September 30th 2014 - 07:00 UTC

  Cristina Fernandez claims US is responsible for Judge Griesa's decision

  

  President Cristina Fernandez said US Judge Thomas Griesa decision to declare Argentina 'in contempt of court' in the dispute with speculative funds, was in violation of international law, the UN chart and the OAS (Organization of American States) chart.