Hints and tips:
...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...
...I remember being struck speechless on my first trip to Berlin in 1988 by the sheer abundance of great works it contains by Kirchner, Dix and Beckmann....
...“Had Macri gone to the IMF at the start, it would probably have worked,” says Victor Bulmer-Thomas, an associate fellow at Chatham House in London....
...He bought Ernst Ludwig Kirchner’s “Street, Berlin” when it was ejected from Berlin’s Nationalgalerie as degenerate; Kirchner’s depiction of distorted, elongated, garish prostitutes shocked 1930s America....
...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....
...President Barack Obama dances tango during a state dinner hosted by Argentina’s President Mauricio Macri at the Centro Cultural Kirchner as part of President Obama’s two-day visit to Argentina, in Buenos...
...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...
...Rather than pay a peso to the hated hedge funds, Argentina’s president Cristina Fernández de Kirchner decided to default instead....
...The staunchest allies of former president Cristina Fernández de Kirchner have already made clear they will not greenlight the deal....
...Argentine nationals have rejected Cristina Kirchner’s approach by voting for Macri. Argentineans care about solutions, and they just want to put this dispute in the past and move forward....
...The former mayor of Buenos Aires, whose free-market policies have so far been well received by investors, was referring to the complicated economic legacy left behind by Cristina Fernández de Kirchner, who...
...In 2014, President Cristina Fernández de Kirchner opted for the latter....
...Cristina Fernández de Kirchner, Mr Macri’s predecessor, had staunchly refused to negotiate with the holdouts, frequently referring to them as “vultures.”...
...Sensationally, US District Court Judge Thomas Griesa not only agreed with Elliott’s interpretation but weaponised his ruling by slapping an injunction against anyone helping Argentina avoid his order to...
...As President Cristina Fernández de Kirchner’s eight-year stint in power comes to a close, Argentines will elect a new leader on November 22 who is almost certain to make a concerted attempt to resolve a...
...Last week, a New York judge, Thomas Griesa, barred Euroclear from processing any debt payments by Argentina....
...threatened Citibank with sanctions, triggering fears that its local banking licence may be revoked, after the US bank said it would exit its custodian business in Argentina in an attempt to comply with Judge Thomas...
...Holders of both are probably watching the clock on the Kirchner government leaving office in October (just after the Boden matures). Whether that confidence is justifiable is another matter....
...When they were not forthcoming with information, US District Judge Thomas Griesa ordered Morgan and Deutsche to appear before him, and within hours the banks let it be known that their involvement in the...
...New York Judge Thomas Griesa on Thursday said it was “illegal”, although he stopped short of declaring Buenos Aires in contempt of court, “for the moment”....
...President Cristina Fernandez de Kirchner had just sent a draft law to the Argentine congress....
...Worse, Judge Thomas Griesa is doing so in order to protect the interests of those who refused to accept the exchange....
...Under a legal ruling by US judge Thomas Griesa, Argentina can only pay holders of restructured sovereign debt if it also pays holdouts in full....
...US District Judge Thomas Griesa ruled that the country’s attempts last week to proceed with $832m worth of payments on its restructured debt, without settling with holdouts first, was illegal....
International Edition