NML Capital, Ltd. v. The Republic of Argentina

  1. February 26, 2015

    JPMorgan, Deutsche Ordered To Give Argentine Bond Docs

    The New York federal judge overseeing Argentina's bond payback fight with hedge fund NML Capital Ltd. ordered Deutsche Bank AG and JPMorgan Chase & Co. Wednesday to give NML private information on payments regarding a new set of bonds Argentina announced for a select group of creditors.

  2. February 17, 2015

    Citibank Wants To Pay Some Argentine Bonds In Debt Row

    Citibank NA told a New York federal judge Tuesday that an injunction blocking it from making payments on some $2.3 billion worth of dollar-denominated bonds governed by Argentine law would lead to "catastrophic" consequences — including criminal charges and potentially the loss of its banking license in the South America country.

  3. December 05, 2014

    Argentina Creates New Bond-Payment Plan

    Argentina has offered some of its debtholders an early cash payout on bonds due next year, in a new effort to bolster its financial credibility while shutting out "vulture" hedge funds that have not cooperated with the country on payment terms.

  4. November 26, 2014

    Bond Buyers Won't Copy Argentina Holdouts, S&P Says

    Argentina's apparent defeat in an epic sovereign-debt dispute with a small group of U.S. hedge funds won't encourage bondholders in future sovereign restructurings to litigate for full repayment instead of accepting negotiated haircuts, a ratings agency said Wednesday.

  5. November 07, 2014

    Argentina Faces $4.7B In Claims In New Bond Suits

    Counsel for Argentina wrote to a New York federal judge Thursday, warning him that an injunction forcing the country to pay $1.7 billion to a group of hedge funds before it can pay other restructured debt has spawned a swarm of copycat suits that want $4.7 billion from Argentina, something the country can't afford.

  6. November 04, 2014

    Argentina Appeals Contempt Finding For Debt Bypass Plan

    Argentina on Monday asked the Second Circuit to overturn a federal judge's finding that it is in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated.

  7. October 23, 2014

    Citigroup, Argentina Gird For New Court Date In Bond Fight

    A New York federal judge has set a court date for Argentina's fight to make payments on $8.4 billion in Argentine law-governed bonds — payments whose blockage custodian Citigroup Inc. says could expose it to criminal sanctions in the South American nation.

  8. October 07, 2014

    Argentina Fights $539M Payment Blockade In 2nd Circ.

    Argentina urged the Second Circuit on Monday not to dismiss an appeal over a New York federal judge's blockade of a $539 million payment to bondholders via Bank of New York Mellon, saying the blockade impermissibly places restrictions on the relationship between the intermediary bank and the intended recipients.

  9. September 30, 2014

    Argentina Deposits $161M With Local Trustee, Defies NY Judge

    The Republic of Argentina on Tuesday deposited $161 million in a local bank to make interest payments to bondholders who agreed to debt restructurings, a step designed to skirt a New York federal judge's ruling that those bondholders can only be paid if holdout hedge funds are also compensated.

  10. September 29, 2014

    Argentina Held In Contempt For Debt Bypass Plan

    A New York federal judge on Monday held Argentina in contempt of court for taking steps to evade his orders that bondholders who agreed to debt restructurings can only be paid if holdout hedge funds are also compensated, calling such plans illegal.

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