US Edition
Argentina Reached a Beginning According to Two Vulture Funds Litigating for the 2001 Default
11 Articles
11 Articles
The so-called "absolute funds" that still held sovereign debt securities in the country that ceased to be paid during the 2001 crisis
The understanding involves Attestor and Bainbridge, who had a final ruling in favour, and leaves their requests to Judge Loretta Preska on hold while the conciliation between the parties is formalized.
Argentina reached a beginning in agreement with two vulture funds in the framework of the lawsuit that they held open in New York by default 2001.This was communicated by the parties through the submission of a letter to Judge Loretta Preska of the Southern District of New York.The letter announced the understanding with the Attestor Master Value and Bainbridge Fund funds, which at the time bought default debt to sue the country, despite the exc…
Both sides informed Judge Loretta Preska in the Southern District of New York, although the details of the understanding were not disseminated.The entry The government reached a beginning according to two funds litigating for the 2001 default was first published in #BorderJournalism.
The Argentine State informed New York judge Loretta Preska that it reached a beginning according to the funds that still held disputes over sovereign debt in default since the 2001 crisis. The parties requested to suspend the judicial process as they advance in the final closure of the understanding. The creditors involved are part of the group of “holdouts”, which did not enter into the debt swaps made in 2005 and 2010 during the governments of…
The Argentine State reached a beginning in agreement with the vulture funds Attestor Master Value and Bainbridge Fund, which maintained sentences in favor of lawsuits against the country by default of 2001. The parties communicated the understanding before the judge of New York, Loretta Preska, requesting to suspend the ongoing litigation and the request for the surrender of Argentine assets in order to advance the completion of the conciliation…
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