United States

Monday, June 30th 2014 - 05:47 UTC
OAS Permanent council expected to consider Argentina/hedge funds conflict

The Argentina litigation with holdout hedge funds will have an additional ingredient this Monday when the Organization of American States, OAS, Permanent Council holds an extraordinary session, on a special request from Argentina, to consider a consultation meeting of foreign ministers to address the issue of sovereign debt restructuring.
Monday, June 30th 2014 - 02:40 UTC
Bachelet delays trip to Washington to receive national football team

Chilean president Michelle Bachelet welcomed the national football team at Government House on Sunday afternoon thus delaying for a few hours her trip to the United States where on Monday she is scheduled to meet with President Barack Obama at the White House.
Saturday, June 28th 2014 - 10:57 UTC
Argentina claims Judge Griesa “blocked the payment to bondholders”

Through an official press release published on Friday afternoon, the Argentine government stated US Federal Judge, Thomas Griesa, attempted to “block the payment for bondholders,” and committed an abuse of authority, after cancelling the deposit made on Thursday into a Bank of New York account.
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.