Hints and tips:
...The EY audited results cast interesting light on one part of Burford’s “capital provision assets”, which are its claims on YPF, the Argentine national oil company, and by extension the Argentine Republic...
...the republic from raising capital or barring financial intermediaries from participating in such efforts on behalf of their investor clients or the republic”....
...The implication of these developments is that Argentina has been blocked in its attempts to raise new funds from the international capital markets, and it cannot make payments on its existing obligations...
...Argentina had previously refused to meet face-to-face with holdout creditors that did not accept a restructuring on it’s debt after a previous default, including hedge funds NML Capital and Aurelius....
...We’ve already seen how NML Capital v Argentina has influenced Grenada’s legal battle with the Taiwanese government-owned Export-Import Bank of the Republic of China....
...In it, the holders of bonds issued in Argentina’s 2005 and 2010 exchanges argue that an earlier emergency motion filed by creditors led by US fund Elliott Associates’ NML Capital, asking for the government...
...He told the court that “some money” from the December payments would be due to the plaintiffs – NML Capital, a unit of US hedge fund Elliott Associates, and Aurelius Capital....
...Capital and goods move freely: why not people?...
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