Argentina

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Macri Eyes $400 Billion Foreign Cash Stash

For Mauricio Macri, there may be a silver lining to the Panama Papers scandal that has dogged Argentina’s new president since he was accused of ties with offshore shell companies earlier this year, the Financial Times reported. Mr Macri is hoping tha ...

Daily Headline - global.abi.org - 06/05/2016 - 22:16 - 0 comments

Pescanova Argentina Subsidiary Readies For Insolvency Proceedings

Argenova, the Argentinian subsidiary of troubled multinational Pescanova, is working with a legal team to prepare for filing for insolvency as soon as possible, reported Faro de Vigo. However, with all executive functions taken away from president and ch ...

Daily Headline - global.abi.org - 05/31/2016 - 20:26 - 0 comments

Argentina’s Congress Passes ‘Anti-Layoffs’ Bill

Argentina’s opposition-dominated Congress on Thursday approved legislation that would double the cost of laying off private and public employees over the next six months, handing President Mauricio Macri his first legislative setback since taking office, ...

Daily Headline - global.abi.org - 05/20/2016 - 09:39 - 0 comments

Argentina Could Issue $30 Billion Debt This Year

Argentina could issue $30bn in debt this year, as other issuers seek to mimic the government's success in returning to international capital markets with a blockbuster bond sale last month. First out of the gates will be Argentina’s provincial gover ...

Daily Headline - global.abi.org - 05/01/2016 - 21:02 - 0 comments

Macri Enlists Business As Austerity Bites

After summoning 100 representatives of Argentina’s business elite to the presidential residence this week, Mauricio Macri praised the few that had recently announced investments. The rest, he implied, were not doing their bit for the country, the Finan ...

Daily Headline - global.abi.org - 04/24/2016 - 17:21 - 0 comments

Insolvency & Restructuring News No. 1

A ´new´ consolidated and integrated Argentine Civil and Commercial Code has been enacted on October 7, 2014 and came into effect on August 1, 2015 (the “New CCC”), which replaced both the Civil Code (originally enacted on September 29, 1869) (the “Civil ...

Resource Article - twallace@abiwor... - 04/19/2016 - 13:47 - 0 comments - 0 attachments

Argentina Returns To International Bond Market

Argentina returned to the international bond markets for the first time in 15 years on Monday as it winds down a long-running battle with investors following its 2001 default, the Irish Times reported. Argentina announced a $10 billion-$15 billion bo ...

Daily Headline - global.abi.org - 04/18/2016 - 20:51 - 0 comments

US Appeals Court Clears Way For Argentina Bond Sale

A US appeals court has cleared the way for Argentina to raise as much as $15bn to pay holdout creditors, enabling the Latin American sovereign to re-enter international capital markets after more than a decade on the sidelines, the Financial Times re ...

Daily Headline - global.abi.org - 04/13/2016 - 21:23 - 0 comments

Argentine Prosecutor Seeks to Include Cristina Kirchner in Money-Laundering Probe

An Argentine prosecutor has requested that former President Cristina Kirchner be investigated as suspect in a wide-ranging money-laundering probe allegedly involving a prominent government contractor and associate of Mrs. Kirchner, The Wall Street Jour ...

Daily Headline - global.abi.org - 04/10/2016 - 19:19 - 0 comments

Argentina Approves Deal To End Debt Dispute, Re-Enter Markets

Argentina’s Senate gave the green light to a landmark deal to repay creditors holding defaulted debt in the early hours of Thursday, marking the end of a 14-year legal battle that had made the country a global financial pariah, the Irish Times report ...

Daily Headline - global.abi.org - 03/31/2016 - 22:54 - 0 comments

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