Argentina

When Argentina defaulted on its debt in 2002, the economy was collapsing and a bloody popular revolt had helped topple two presidents in a week. Now, the country could default again, but it would be over a matter of principle rather than necessity, Reute ...

Daily Headline - global.abi.org - 05/13/2013 - 21:30 - 0 comments

Argentine officials say their plan for paying $1.4 billion in defaulted debt is fully within the spirit of U.S. court rulings, the Associated Press reported. But Wall Street analysts say the offer looks nothing like the letter of the law as the appellate ...

Daily Headline - global.abi.org - 04/01/2013 - 21:20 - 0 comments

Argentina may learn at any time whether a U.S. appeals court will rule that it must pay $1.4 billion to holders of its defaulted debt, something the South American country has resisted for more than a decade, Bloomberg reported. The court in New York is ...

Daily Headline - global.abi.org - 03/31/2013 - 21:28 - 0 comments

Argentina is hoping an offer it must make to a US appeals court by Good Friday spelling out exactly what it is prepared to pay its “holdout” creditors will be enough to avoid crucifixion in its high-stakes sovereign debt drama, the Financial Times re ...

Daily Headline - global.abi.org - 03/27/2013 - 22:36 - 0 comments

Argentina has greeted an order from a US appeals court for more information on its offer to holdout creditors as a glimmer of hope in its fight not to pay “vulture funds” without a steep writedown on their debt, the Financial Times reported. “We are ...

Daily Headline - global.abi.org - 03/03/2013 - 21:57 - 0 comments

Worries that Argentina is inching closer to default sent the cost of insuring the country's government bonds to their highest level since November and pushed shares in its benchmark index lower, The Wall Street Journal reported. The move followe ...

Daily Headline - global.abi.org - 02/28/2013 - 21:31 - 0 comments

Henry Weisburg , Antonia E. Stolper , Stephen J. Marzen , Patrick Clancy ...

Resource Article - abi_editor - 03/11/2013 - 16:24 - 0 comments - 0 attachments

Argentina’s messy legal battle with hedge funds over its 2001 sovereign default has heightened calls to resurrect plans for a bankruptcy regime for countries, under the auspices of the International Monetary Fund, the Financial Times reported. Many s ...

Daily Headline - global.abi.org - 01/07/2013 - 21:56 - 0 comments

Investors who hold Argentina's restructured debt are seeking to have New York's highest court consider whether a bond provision requires the country to equally treat holders of defaulted and new bonds, Bloomberg News reported today. The bondhol ...

Daily Headline - abi_admin - 12/28/2012 - 13:31 - 0 comments

A US appeals court has rejected a request from defaulted creditors led by Elliott Associates, a US fund, to require Argentina to post security of at least $250m by Monday to demonstrate its willingness to pay any judgment in their favour, the Financial ...

Daily Headline - global.abi.org - 12/04/2012 - 22:25 - 0 comments