Hints and tips:
...Makoff’s well-researched account mostly focuses on the latter — the legal skirmishes between Argentina and its hedge fund nemeses, overseen by the increasingly irritable US judge Thomas Griesa....
...US judge Thomas Griesa accepted the argument and put an injunction on anyone helping Argentina avoid his order to pay the holdouts....
...Elliott Management, which had been suing Argentina over the onerous terms of its $80bn debt default in 2001, convinced New York judge Thomas Griesa that the pari passu clause in its defaulted bonds should...
...He explains that Argentina — and the lawyers representing it — had “entirely lost credibility” with the New York federal judge in charge of the case, Thomas Griesa....
...Not only did US district court judge Thomas Griesa agree with Elliott’s argument – ordering that Buenos Aires couldn’t make payments to other creditors without making “ratable” payments to the hedge funds...
...On confirming the payment on Friday, Thomas Griesa, the New York judge who presided over the bitter legal dispute between Argentina and a group of US hedge funds, lifted the injunctions that prevented Buenos...
...They have reached agreement days after Judge Thomas Griesa said he would lift his injunction on Argentina to pay holdouts alongside restructured bondholders, which had set off this saga and (along the way...
...The long legal battle with the holdouts pushed Argentina into a technical default in 2014 after New York judge Thomas Griesa said the country was forbidden from servicing its restructured debt abroad....
...Further uncertainty was added to the picture on Thursday after Argentina formally asked Judge Thomas P. Griesa to vacate the famous pari passu injunction....
...It is also subject to the Second Circuit Court of Appeals remanding the cases to Judge Griesa....
...Moreover Thomas Griesa, the US judge in the case, made an interpretation of the pari passu clause in Argentina’s debt — a traditional feature of sovereign bonds that ranks creditors equally — that favoured...
...For one, the eccentric rulings of Thomas Griesa, the judge in the case, leave uncertainty hanging over future restructurings....
...Judge Thomas Griesa said on Friday that he would lift a controversial financial blockade preventing Argentina’s access to the international capital markets....
...Griesa, to order the holdouts to justify why the injunction should not be lifted....
...Not only did Thomas Griesa, a US district court judge, agree with Elliott’s interpretation, he slapped an injunction against anyone helping Buenos Aires to avoid the order....
...Many observers also say that Thomas Griesa, the 85-year-old New York judge in charge of what has been called the “trial of the century” for sovereign debt, is fed up with the case....
...The most pressing problem, however, concerns the cases pending before Judge Thomas Griesa in the Southern District of New York, which could amount to $12bn....
...Argentine officials concede that the country is unlikely to be able to pay the holdout creditors by an April 14 deadline fixed by Thomas Griesa, the New York judge presiding over the case....
...Second, Mr Blejer is mistaken in his view that US federal judge Thomas Griesa interpreted the pari passu clause in Argentina’s debt in a manner “that favoured the holdouts”, thereby putting “unusual pressure...
...New York Judge Thomas Griesa subsequently signed an order requiring the holdouts to justify why the injunction should remain in place by next Thursday, in what was seen as a significant win for Argentina...
...Mr Caputo is expected to ask New York judge Thomas Griesa to reinstate a “stay” that would allow Argentina to resume making payments on about $30bn of restructured debt while negotiations with the holdouts...
...We particularly take issue over his defence of US federal judge Thomas Griesa....
...First would be a debt issue of up to $15bn to repay the holdouts, who secured a court order in 2012 from New York Judge Thomas Griesa that barred Argentina from issuing new bonds or servicing its restructured...
...The motion — addressed to Judge Thomas Griesa, who appointed Mr Pollack — could disrupt Argentina’s fragile settlement with bondholders, weeks after the country agreed to pay $4.6bn to Paul Singer’s Elliott...
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