Titoli di Stato area non Euro ARGENTINA obbligazioni e tango bond (3 lettori)

tommy271

Forumer storico
Comienza reunión de cancilleres en la OEA sobre la deuda Argentina


[FONT=&quot] La asamblea dio comienzo en Washington con una propuesta de respaldo al país sudamericano presentada por Uruguay y Brasil





[/FONT]

03/07/2014 04:28:18 p.m. | EFE.- La reunión de consulta de cancilleres de la Organización de Estados Americanos (OEA) con motivo de la disputa de Argentina con una propuesta de respaldo al país sudamericano presentada por Uruguay y Brasil.

De apoyarse el texto, la institución hemisférica podría concluir el encuentro con una resolución de apoyo para que Argentina pueda reestructurar su deuda, similar a las emitidas por otros organismos internacionales como la Celac, Mercosur o Unasur.

Aunque la OEA no tiene capacidad de decisión sobre la disputa, Argentina busca en su seno un nuevo aliado político que ejerza presión en las negociaciones.

El canciller argentino, Héctor Timerman, y el ministro de Economía de ese país, Axel Kicillof, se reunieron previamente de manera privada junto a otros cancilleres y representantes del continente para acercar posturas antes del comienzo de la sesión.

Al menos once ministros de Exteriores del continente han confirmado su presencia a la cita; los de Argentina, Uruguay, Paraguay, Brasil, Venezuela, Colombia, Bolivia, México, Honduras, El Salvador y Guatemala.

Argentina quiere explicar a los países de la región los riesgos internacionales que implica la sentencia del juez neoyorquino Thomas Griesa, que en su opinión sienta un precedente judicial que pone en peligro la capacidad de los estados de renegociar su deuda en casos de necesidad.

El fallo del juez neoyorquino fue favorable a un grupo de fondos especulativos que no aceptaron las reestructuraciones de deuda planteadas por el país suramericano en 2005 y 2010 (canjes a los que se acogieron el 92 % de los acreedores) y denunciaron al Gobierno argentino.

La situación actual puede llevar a Argentina a una nueva suspensión de pagos ya que, según Buenos Aires, el efecto dominó puede elevar el monto de pago más allá de 1.500 millones de dólares adeudados a los fondos rebeldes, liderados por NML Capital.

Argentina teme que los tres fondos que se inclinaron por la batalla legal y no por el canje podrían llevar a otros acreedores que no negociaron a tomar la vía legal y acabar exigiendo 15.000 millones.

 

tommy271

Forumer storico
Argentina Blames ‘Vulture’ Funds for New Debt Woes

By
Pedro Nicolaci da Costa







WASHINGTON–Argentina’s Economy Minister Axel Kicillof said Thursday narrow financial interests represented by powerful lobbies were responsible for what he described as an unfair and dangerous U.S. court decision that has left the country on the verge of its second sovereign debt default in 13 years.


The U.S. Supreme Court last month declined to review an earlier district court ruling that said Argentina must pay the hedge funds that sued to collect on defaulted bonds at the same time it pays investors who own bonds issued after the country’s 2001 default.


“Argentina has the resources to pay its sovereign debts,” Mr. Kicillof said. “But this ruling, with its absurd features, attempts to ensure that Argentina cannot pay,” adding that the court decision had come about through the efforts by “lobbies of tiny interest groups.”


Mr. Kicillof was speaking at a special meeting of the Organization of American States, where he and Argentina’s foreign minister, Héctor Timerman, pleaded with other countries on the continent for support in their fight against the recent ruling.


The U.S. Supreme Court last month declined to review an earlier district court ruling that said Argentina must pay the hedge funds that sued to collect on defaulted bonds at the same time it pays investors who own bonds issued after the country’s 2001 default.


President Cristina Kirchner‘s administration is sending a delegation to New York Monday to begin negotiations on the issue. But despite expectations that the government would be dealing directly with the so-called “hold-out” bondholders, Mr. Kicillof told reporters the group will be meeting with a mediator, making the prospect of an immediate resolution more distant.


Argentina has until the end of July to reach a deal or default on some bond payments. Argentines still recall the 2001 default crisis, which led to sharp increases in poverty and unemployment, with trepidation.


Mr. Kicillof said Argentina’s economy, which shrank during the first quarter, has the potential to grow around 7% to 8% annually if it is not burdened with a sudden jump in debt payments.


“Argentina must continue to grow” to keep paying its debts, he said. “The dead don’t pay.”


He said the ruling has implications for other nations, since it could prevent sovereign states from restructuring their debt in the future.


For years, Mrs. Kirchner had vowed never to pay the investors she calls “vulture funds”–investment funds led by Elliott Management Corp. and Aurelius Capital Management LP–which snapped up defaulted bonds on the cheap in hopes of getting paid full face value.
 

tommy271

Forumer storico
(...)

A group of investors in Argentine bonds denominated in euros and governed by UK law is seeking to strike down a New York court ruling that has left them unpaid, amid concern that the long arm of US law is disrupting international markets.

“The point we are trying to make in the motion is that the euro bonds are governed by English law, and payments on those bonds are made outside of the US through foreign entities, therefore a US court does not have jurisdiction to impede those payments,” said Christopher Clark, a lawyer with Latham & Watkins in New York, representing the eurobond holders.

“Our view is that the payments on the eurobonds should not have been affected by the NY court decision.”


Argentina bond investors challenge long arm of US law - FT.com

***
Come dicevo l'altro giorno ...
 
Ultima modifica:

fabriziof

Forumer storico
(...)

A group of investors in Argentine bonds denominated in euros and governed by UK law is seeking to strike down a New York court ruling that has left them unpaid, amid concern that the long arm of US law is disrupting international markets.

“The point we are trying to make in the motion is that the euro bonds are governed by English law, and payments on those bonds are made outside of the US through foreign entities, therefore a US court does not have jurisdiction to impede those payments,” said Christopher Clark, a lawyer with Latham & Watkins in New York, representing the eurobond holders.

“Our view is that the payments on the eurobonds should not have been affected by the NY court decision.”


Argentina bond investors challenge long arm of US law - FT.com

***
Come dicevo l'altro giorno ...

Sì ma griesa si é pronunciato contro ,spero che la spuntino
 

tommy271

Forumer storico
Sì ma griesa si é pronunciato contro ,spero che la spuntino

In linea teorica Clark ha ragione ... ed è quello che pensavo anch'io.
Griesa non può intervenire su bond con giurisdizione diversa da quella di NY.
Comunque vediamo ... il mercato - al momento - sconta un accordo con gli hedge.
 

Users who are viewing this thread

Alto