Tag: Vulture funds

Wednesday, June 18th 2014 - 07:52 UTC
“Judge Griesa's message is reasonable and conciliatory” argues Lavagna

Argentina's former Economy Minister and architect of the 2005 rescheduling of defaulted debt, Roberto Lavagna called for “calm” and “seriousness” to rethink the country's legal strategy following the setback suffered on Monday when the US Supreme Court decided not to hear its appeal against holdout hedge funds.
Wednesday, June 18th 2014 - 07:37 UTC
Argentina plans to reopen debt swap program and will request to meet Griesa

Economy Minister Axel Kicillof has announced that the government plans to reopen the debt swap program in the hope of renegotiating bonds held by hedge funds, after the US Supreme Court declined to take Argentina's case against the so-called 'vulture funds'.
Tuesday, June 17th 2014 - 07:15 UTC
Argentina will pay 92% of restructured bonds, hopefully 100% of debt, but will not accept extortions

President Cristina Fernandez pledged on national television late Monday that Argentina will abide and honor its debts, the 92% of those who trusted in the country and hopefully the 100% of creditors, but will not accept 'extortions'.
Monday, June 9th 2014 - 06:10 UTC
US Embassy praises Argentina: says 'investment climate has started to change'

The United States Chargé d'Affaires at the Embassy In Buenos Aires Kevin Sullivan, who is in charge of the embassy on an interim basis, praised Argentina’s agreement with Paris Club, ICSID and YPF-Repsol deal, saying “the situation is changing, in a good way” and pointing out a change in investment climate.
Wednesday, June 4th 2014 - 07:43 UTC
Over 100 British MPs come out in support of Argentina and condemn 'vulture funds'

More than 100 British Members of Parliament have signed a resolution of support for Argentina in the fight against hedge fund holdout investors, and warned that if the United States Justice System ruled against the nation it could fall into default.
Thursday, March 27th 2014 - 08:38 UTC
US Supreme Court confirms Argentina has friends in its litigation with hedge funds

The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the hedge funds which the administration President Cristina Fernandez refers to as 'vulture funds'.
Friday, March 14th 2014 - 08:42 UTC
US will not side with Argentina in its dispute with hedge funds, says Kerry

US Secretary of State, John Kerry has rejected the possibility that the Barack Obama administration would side with Argentina in the long-standing dispute with hedge funds over the defaulted bonds from the 2001/2 meltdown. Still the US official praised what he considered some “positive steps” by the Cristina Fernandez government.
Thursday, March 6th 2014 - 05:06 UTC
US government files 'friendly' support for Argentina before the Supreme Court

The Obama administration filed an ‘Amicus Curiae’ measure before US Supreme Court, supporting Argentina’s position in the dispute with the hedge funds which the government of president Cristina Fernández refers to as ‘Vulture Funds’.
Wednesday, January 29th 2014 - 21:36 UTC
Hedge fund boss Singer rejects as 'bizarre' Argentine bondholders offer

Paul Singer, head of Elliot Management Corp., defined as “bizarre”, the bondholders’ offer to resolve judicially the dispute with Argentina over the debt in default from 2001, during in a letter sent to investors and published by Bloomberg News.
Tuesday, January 28th 2014 - 22:44 UTC
Hedge fund CEO says that dispute with Argentina could be settled 'in an afternoon'

Paul Singer, CEO of hedge fund Elliott Management Corporation and who is litigating Argentina demanding full payment of defaulted bonds described Argentina's government policies as 'horrendous' and stated that 'talking' he could settle the dispute 'in an afternoon'.