us judge denies argentina stay on paying vulture funds
Last Updated : GMT 20:50:52
Arab Today, arab today
Arab Today, arab today

US judge denies Argentina stay on paying 'vulture' funds

Arab Today, arab today

Arab Today, arab today US judge denies Argentina stay on paying 'vulture' funds

Argentine Economic Minister Axel Kicillof
New York - AFP

A US federal judge on Thursday denied Argentina's request to freeze his order to pay $1.3 billion to hedge fund bondholders, giving the country only four more days to strike a deal with them.
New York judge Thomas Griesa's rejection of the stay request raised the stakes for Buenos Aires, which has warned that it could be forced to default on its debt if it has to pay the hedge funds on June 30, when it is slated to make a regular payment to holders of its restructured bonds.
Argentina Economy Minister Axel Kicillof said earlier Thursday that the government had transferred $1 billion to a US bank account to service the restructured debt.
But he made no mention of whether Buenos Aires would pay the hedge funds, which in the 2000s refused to participate in a restructuring of the country's bonds after it defaulted on nearly $100 billion in debt.
On June 16, Argentina lost its final appeal to the US Supreme Court against paying what it calls "vulture funds", NML Capital and Aurelius Management, which have demanded full payment on the bonds they hold.
Buenos Aires fought the case, saying the hedge funds lost their right to payment by not joining the majority of creditors in accepting a writedown of their bonds to help the country restructure its finances.
The 10-year-old case has raised issues of fairness and the sustainability of sovereign debt restructurings vulnerable to the actions of holdouts.
In the wake of the Supreme Court ruling, the country opened negotiations under Griesa's oversight. On Wednesday, he appointed a New York lawyer, Daniel Pollack, to preside over the talks.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us judge denies argentina stay on paying vulture funds us judge denies argentina stay on paying vulture funds

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us judge denies argentina stay on paying vulture funds us judge denies argentina stay on paying vulture funds

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday