Tag: US Supreme Court

• Tuesday, November 19th 2013 - 08:43 UTC

  Argentina vs. hedge funds: Appeals court latest ruling opens the way to the US Supreme Court

  

  A United States appeals court on Monday declined to reconsider an order requiring Argentina to pay 1.33 billion dollars, ruling in favor of bondholders who refused to participate in two debt restructurings spinning out of the country's 2002 default.

• Thursday, October 17th 2013 - 05:34 UTC

  US Supreme Court raises doubts about corporation responsibility during Argentina’s ‘dirty war’

  

  A majority of US Supreme Court justices raised doubts this week over whether Germany’s Daimler-Chrysler can be sued in federal court for allegations that a subsidiary violated the human rights of workers at a plant in Argentina during the last military dictatorship that was in power from 1976-1983.

• Monday, October 7th 2013 - 15:42 UTC

  Breathing space for Argentina’s bonds case: litigation continues at US appeals court level

  

  The U.S. Supreme Court left intact a ruling that may force Argentina to make payments on defaulted government bonds, rejecting that country’s appeal in a clash that has roiled its financial markets. The justices, without comment, on Monday let stand a 2012 U.S. appeals court decision that bars Argentina from making payments on 24 billion in restructured debt unless it also pays owners of the earlier repudiated bonds.

• Friday, October 4th 2013 - 17:05 UTC

  Cristina Fernandez accuses “part of US judiciary” of wanting Argentina to default

  

  Argentine President Cristina Fernandez has accused part of the United States judiciary of wishing to take Argentina “to default”, comparing Argentina’s situation with that which currently faces US counterpart Barack Obama.

• Tuesday, October 1st 2013 - 18:32 UTC

  US Supreme Court possible action on Argentina/hedge funds case deferred a week

  

  The US Supreme Court on Tuesday took no action on a landmark case pitting Argentina against creditors which could have deep repercussions for financially troubled governments and their creditors. The court had been expected to announce whether it would review the case, but it was not included in a list of cases accepted or denied for review that was released on Tuesday.

• 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.

• Thursday, September 12th 2013 - 05:07 UTC

  US Supreme Court on September 30 will consider if it hears Argentina’s appeal on hedge funds

  

  The US Supreme Court will use its Sept. 30 private conference to consider whether to hear Argentina’s appeal in a clash affecting billions of dollars in defaulted debt. The schedule, revealed on Wednesday on the court’s public docket, means the justices may say as early as Oct. 1 whether they will review a 2012 federal appeals court ruling that requires Argentina to pay holders of defaulted bonds if the country makes payments on restructured debt.

• Tuesday, August 27th 2013 - 01:13 UTC

  Cristina Fernandez sends bill to reopen third debt swap and calls on God to illuminate US Supreme Court

  

  Argentina will send a bill to Congress this week to reopen a debt restructuring for those creditors who haven’t accepted previous swaps after the nation’s 2001 default, said President Cristina Fernandez Monday evening on national television.

• 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.

• Friday, August 2nd 2013 - 03:49 UTC

  Lagarde again warns Argentina about the need for ‘credible stats’

  

  The Managing Director of the International Monetary Fund (IMF) Christine Lagarde has once more requested that Argentina present economic figures based on “trustworthy and credible numbers and statistics”.