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US Judge Griesa Holds Argentina In Contempt In Debt Case

A U.S. judge held Argentina in contempt of court on Monday, saying the republic was trying to find ways to circumvent a prior order requiring it pay holdout bondholders at the same time as other creditors who restructured their debt in recent years, Reut ...

Daily Headline - global.abi.org - 09/29/2014 - 21:14 - 0 comments

Argentina Tries To Pay Debt Outside US

In its latest attempt to circumvent US courts, Argentina will seek to pay nearly $200m due on its restructured bonds by disbursing the money to investors next week via a local bank instead of Bank of New York Mellon, its trustee, the Financial Times ...

Daily Headline - global.abi.org - 09/25/2014 - 22:28 - 0 comments

Citigroup Tells Appeals Court of Its Argentina Quandary

Argentina is holding a gun to the head of Citigroup, a lawyer for the bank told a three-judge panel in Manhattan on Thursday, the International New York Times DealBook blog reported. The bank has found itself in an awkward position: It must decide be ...

Daily Headline - global.abi.org - 09/18/2014 - 21:38 - 0 comments

Dunne Bankruptcy Hearing To Be Heard In December

An application by property developer Sean Dunne to end his US bankruptcy case will be heard by a Connecticut judge at trial in December, the Irish Times reported. Judge Alan Shiff set the trial date for December 3rd in a court filing yesterday. He ha ...

Daily Headline - global.abi.org - 09/11/2014 - 21:43 - 0 comments

Italy Court Upholds U.S. Ruling On Parmalat Damages To Citibank

An Italian court has upheld a ruling by a U.S. court for Italy's Parmalat to pay Citibank $431 million in damages in a case relating to the dairy group's bankruptcy more than 10 years ago, lawyers for the U.S. bank said on Thursday, Reuters rep ...

Daily Headline - global.abi.org - 09/04/2014 - 20:44 - 0 comments

PROBLEMS IN THE CODE: Reimbursement of Fees and Expenses in Chapter 15 Cases

PROBLEMS IN THE CODE: Reimbursement of Fees and Expenses in Chapter 15 Cases (citation: Adam G. Landis and Jeffrey R. Drobish, Reimbursement of Fees and Expenses in Chapter 15 Cases, XXXIII ABI Journal 9, 26-27, 72, September 2014) - Adam G. Landis a ...

Resource Article - abi_editor - 08/29/2014 - 16:51 - 0 comments - 0 attachments

Miner Mercator Files For Creditor Protection In U.S., Canada

Small base metals miner Mercator Minerals Ltd said on Tuesday it had filed for protection from its creditors in Canada and the United States, and the Toronto Stock Exchange suspended trading of its shares and began a delisting review, Reuters reported. T ...

Daily Headline - global.abi.org - 08/27/2014 - 21:27 - 0 comments

Argentine Default Bad Test Case for Sovereign Debt Negotiations

Argentina's default three weeks ago, and the ongoing legal battle that led up to it, raises practical, theoretical, and moral questions about the ad hoc process that ensues when a country doesn't repay its creditors, Foreign Policy reported ...

Daily Headline - global.abi.org - 08/25/2014 - 21:58 - 0 comments

Surprise As Dunne Tries To Drop US Bankruptcy Bid

Bust developer Sean Dunne is seeking to withdraw his application for bankruptcy protection in the US, Independent.ie reported. The dramatic and unexpected development came as the businessman claimed he no longer had the resources to fight efforts by NAMA ...

Daily Headline - global.abi.org - 08/24/2014 - 18:45 - 0 comments

Frustrated Judge Scolds Argentina but Does Not Hold It in Contempt

A federal court judge said on Thursday that Argentina’s attempt to skirt one of his rulings was “lawless” but stopped short of finding the country in contempt of court, the International New York Times reported. Exasperated lawyers for a group of New ...

Daily Headline - global.abi.org - 08/21/2014 - 22:49 - 0 comments

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