Argentina

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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enacted on October 7, 2014 and came into effect on August 1, 2015 (the “New CCC”), which replaced both the Civil Code (originally enacted on September 29, 1869) (the “Civil ...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

Argentina, Creditors Agree To $155 Million More In Default Settlement: Mediator

Argentina settled with an additional 115 individual creditors holding defaulted sovereign bonds for $155 million, Daniel Pollack, the court-appointed mediator in the long-running case, said on Friday, Reuters reported. Pollack's announcement brings ...

Daily Headline - global.abi.org - 03/20/2016 - 21:17 - 0 comments

After Historic Singer Deal, Argentina Eyes $15 Billion Bond Sale

Argentina’s deal to put a bitter 15-year creditor saga behind it won’t come cheap, Bloomberg News reported. On Sunday, the country agreed to terms with bondholders led by hedge fund billionaire Paul Singer over unpaid debts from its record $95 billion de ...

Daily Headline - global.abi.org - 03/01/2016 - 21:18 - 0 comments

Argentina Strikes Deal With Holdouts

Argentina is poised to return to international capital markets after a 15-year ban as it finally reached an agreement with a group of creditors led by Paul Singer’s Elliott Management, the Financial Times reported. The deal, which has to be approved ...

Daily Headline - global.abi.org - 02/29/2016 - 23:39 - 0 comments

Argentina In Conditional Victory Against ‘Holdout’ Hedge Funds

After winning a victory in its decade-long battle with a group of US hedge funds in a New York court, attention now switches to Argentina’s congress. Judge Thomas Griesa said on Friday that he would lift a controversial financial blockade preventing Arge ...

Daily Headline - global.abi.org - 02/21/2016 - 19:33 - 0 comments

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