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Argentina: no reprieve from vulture bondholders
While most Americans were queuing to cast their votes in the US presidential election, lawyers working for Elliott Associates were filing a request for a New York court judge to expedite its ruling...
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7 things to consider in Argentina holdout saga
Here are a few back-of-the-envelope things to think about as we wait for Argentina to spell out its position in its brief to the court in the holdout saga on Friday: 1. This is, remember, a case in...
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Argentina makes case in holdout row
No big surprises in the flurry of briefs in Argentina’s debt holdout saga then. A quick recap: a US appeals court on October 26 upheld a court ruling by New York Judge Thomas Griesa that opened the...
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Ecuador: too small of a fish to fry for vulture funds
The ballyhoo over a New York court ruling ordering Argentina to pay $1.3bn to holdout creditors, has raised questions over whether Ecuador could also be dragged to court by so-called vulture funds....
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Argentina: when is default not default?
Argentina’s holdout saga is turning, in many market participants’ eyes, into a question of when, not whether, the country sinks into a technical default. So if emergency appeals by Argentina and the...
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Argentina vs vultures: 4 scenarios
Argentina hopes the Second Circuit Court of Appeals could rule as early as this week on its emergency motion seeking the reimposition of an injunction that would stop Argentina from having to pay...
View ArticleArgentina: no default for now
So the stay stays. Holdouts-1, Argentina -1. The US Second Circuit Court of Appeals has frozen New York Judge Thomas Griesa’s order, stopping Argentina from having to pay $1.3bn into an escrow account...
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Argentina: don’t uncork the bubbly yet
Phew! That’s how Wednesday’s Second Circuit Court of Appeals ruling, freezing a controversial order in favour of holdout creditors led by US fund Elliott that could have triggered an imminent Argentine...
View ArticleArgentina bondholders’ turn to take on holdouts [updated]
The latest emergency motion in the legal ping-pong that is the fight between Argentina and the “holdouts” reads like a Thesaurus and is another example of sophisticated legal argument.Continue reading »
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Argentina bonds: high yielding for a reason
The legal battle between Argentina and its hedge fund creditors is approaching a finale. Few expect it to end in anything other than a crushing defeat for Buenos Aires. Anticipating its rout, Argentina...
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