Argentina

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Greek Woe Brings Powerful Sense Of Déjà Vu For Argentina

On a cruise round the Mediterranean, Domingo Cavallo, Argentina’s economy minister in the run-up to the country’s dramatic economic collapse in 2001, was bemused when he was unable to use his credit card during a brief stop-off on Greek soil last week, t ...

Daily Headline - global.abi.org - 07/09/2015 - 22:49 - 0 comments

Argentina Casts A Wide Net For Cash

Argentina’s thirst for dollars has been temporarily quenched by a $1.4bn bond sale but a state visit to Russia this week is unlikely to yield significant support for its languishing economy, the Financial Times reported. Hindered from issuing debt in ...

Daily Headline - global.abi.org - 04/22/2015 - 21:04 - 0 comments

Brown Rudnick Alert: Argentina: the paralysis continues for the time being- ATTORNEY ADVERTISING

BACKGROUND On Friday 13 February 2015 the Chancery Division of the English High Court handed down a judgment in proceedings brought by holders of euro-denominated Exchange Bonds against the trustee under those bonds, BNY Mellon, and its English subsi ...

Resource Article - twallace@abiwor... - 04/06/2015 - 08:35 - 0 comments - 0 attachments

Cristina Fernández Holds Out For Victory In Debt Battle

The legal feud between Argentina and a group of “holdout” creditors is inflicting collateral damage on a growing number of victims caught in the crossfire. One of the few winners from the fight might turn out to be Cristina Fernández, the country’s presi ...

Daily Headline - global.abi.org - 03/30/2015 - 21:09 - 0 comments

As Argentina and Hedge Funds Battle, Citigroup Bows Out

The nasty battle between Argentina and a group of New York hedge funds has claimed another victim: Citigroup. The bank said on Tuesday that it would shut its custody business in Argentina after a federal judge in New York last week rejected its request t ...

Daily Headline - global.abi.org - 03/17/2015 - 20:49 - 0 comments

Argentina In No Rush To Re-Start Debt Restructuring Talks

Debt-holders who want to jumpstart restructuring talks with Argentina may have to wait until a court rules next month on whether to let a disputed bond payment go through, further extending a legal feud that has hobbled state finances, Business Insider ...

Daily Headline - global.abi.org - 02/23/2015 - 22:28 - 0 comments

US Holders Of Defaulted Argentine Bonds Step Up Campaign For Full Repayment Of Loans

US holders of defaulted Argentine bonds have stepped up their campaign for full repayment of their loans by detailing how 14 senior Argentine officials experienced “dramatic and often unexplained increases” in their personal wealth during service in the ...

Daily Headline - global.abi.org - 02/10/2015 - 23:49 - 0 comments

Debt Dispute Between Argentina and Hedge Funds at Impasse

The hopes of easing a debt dispute between Argentina and a group of New York hedge funds seemed to be dashed on Monday after the country’s economy minister made an offer that appeared to fall well short of what the investors were seeking, the Internati ...

Daily Headline - global.abi.org - 01/05/2015 - 22:05 - 0 comments

What Happens When A Country Goes Bust

From the days when monarchs over-borrowed for their mercantile adventures, to Argentina’s recent failure to pay its creditors, countries have long run into trouble paying back what they have borrowed. Spain’s 16th-century king, Philip II, reigned over fo ...

Daily Headline - global.abi.org - 01/04/2015 - 22:12 - 0 comments

Clause Expires, Could Help Settle Argentine Debt

The Argentine government and a holdout group of bond creditors led by billionaire Paul Singer will soon have a chance to renegotiate a longstanding debt dispute that U.S. courts and the United Nations have wrestled with and that ultimately could affect d ...

Daily Headline - global.abi.org - 01/04/2015 - 22:14 - 0 comments

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