United States

Friday, June 27th 2014 - 08:35 UTC
Judge Griesa calls Argentina and hedge funds for a hearing on Friday

A US judge has scheduled a hearing for Friday after hedge funds suing to collect on defaulted debt issued by Argentina complained about the country's plans to make a payment to creditors who participated in its past restructurings.
Friday, June 27th 2014 - 07:53 UTC
Argentina announced Thursday it had deposited restructured bonds' payments

Argentina announced on Thursday morning it had deposited a billion dollars to honor restructured bonds' 30 June payment and at the same again asked for a new stay from New York Judge Thomas Griesa on the 'pari passu' ruling that forces the country to also pay holdouts 100% of defaulted bonds face value.
Friday, June 27th 2014 - 07:42 UTC
US Supreme Court rules police need a warrant to search cell-phone of arrested suspects

The US Supreme Court ruled that police officers usually need a warrant before they can search the cell-phone of an arrested suspect, a major decision in favor of privacy rights at a time of increasing concern over government encroachment in digital communications.
Thursday, June 26th 2014 - 04:40 UTC
UN agency warns Argentina debt ruling does not comply with US sovereign immunities act

The United Nations trade and development agency UNCTAD said on Wednesday in a rare release that the recent U.S. court ruling on Argentina's debt erodes sovereign immunity and does not comply with the country's own U.S. Foreign Sovereign Immunities Act.
Thursday, June 26th 2014 - 01:01 UTC
Argentina insists on dialogue but “technical default” is round the corner, Kicillof tells G77

Economy minister Axel Kicillof said US courts haven't yet responded to Argentina's request this week for more time to negotiate a settlement with a small group of holdout creditors and warned the country could face a technical default next Monday if the sentence remains firm.
Thursday, June 26th 2014 - 00:14 UTC
Mediator Pollack meets with Argentina and holdouts' solicitors

Mediator Daniel Pollack named by New York Judge Thomas Griesa to try and help reach an understanding in the long running dispute between Argentina and the holdout hedge bond holders, said he had already held meetings with the solicitors from both sides. However he only revealed that discussions will continue until a resolution is reached.
Wednesday, June 25th 2014 - 06:46 UTC
Argentina waiting for Judge Griesa's reply on the 'stay' request

The government of President Cristina Fernandez awaits Judge Griesa's decision after the request to issue a stay on the ruling that orders Argentina to pay all the bondholders at the same time, Argentine Cabinet Chief Jorge Capitanich said in his daily press briefing at Government House on Tuesday.
Tuesday, June 24th 2014 - 23:52 UTC
Unasur sides with Argentina and warns about “global financial stability”

The Union of Southern Nations (UNASUR) expressed its solidarity with Argentina after US Supreme Court decision to dismiss the country’s appeal in its legal dispute with holdout hedge funds, rejecting “the behavior of speculative agents that endanger the agreements reached between debtors and creditors”.
Tuesday, June 24th 2014 - 06:54 UTC
Griesa appoints mediator for talks between Argentina and holdout hedge funds

New York district court judge Thomas Griesa on Monday appointed a Manhattan attorney to supervise talks between Argentina and hedge fund holdout bondholders after the government of President Cristina Fernandez asked him to organize negotiations with its creditors.
Tuesday, June 24th 2014 - 06:42 UTC
Argentina requests a 'stay' order on the ruling favoring holdout creditors

Argentina asked a U.S. judge on Monday to issue a stay of his ruling against the country in its case against “holdout” creditors as it sought to avoid a possible new default. The country is in a 12-year-old legal fight with investors who declined to participate in bond restructurings (2005 and 2010) after the country defaulted on 100 billion dollars in sovereign debt in 2002.