Argentina wins a victory against its hedge-fund creditors

Source: The Economist
02.21.2016

ARGENTINA has had plenty of setbacks in its efforts to resolve its mammoth sovereign default of 2001. Although some of its jilted bondholders accepted a big write-down of the money they were owed in restructurings agreed in 2005 and 2010, others held out for full payment. They enlisted the support of an American judge, Thomas Griesa (the original bonds were written under American law). He not only upheld their claim, but barred any banks with operations in America from facilitating payments on the restructured bonds until the holdouts were paid in full. That prompted a fresh default, in 2014. The Argentine president of the day, Cristina Fernández de Kirchner, railed against the “senile” Mr Griesa and the “vulture funds” he was helping. But Mr Griesa has now done Argentina a favour.

External Link: CLICK HERE FOR FULL ARTICLE.

  • VII Concurso Internacional de Vinhos do Brasil (Wine)
  • New York Times 36 Hours in Buenos Aires
  • Alternative Latin Investor
  • Artful Living (Mansion)
  • Avid Magazine (AWE)
  • BlackBook Mag (Mansion)
  • CNN (AWE)
  • Conde Nast Traveler (Mansion)
  • Delta Sky Magazine (Mansion)
  • Departures (AWE)
  • Elite Traveler (Mansion)
  • Finger Lakes International Wine Competition (Wine)
  • Fodor's Choice 2013 (Mansion)
  • Fodor's Choice 2013 (Wine Estates)
  • Fodors (AWE)
  • Forbes Life (Mansion)
  • Frommer's Best Vineyards & Hotels Around the World
  • Andrew Harper’s Grand Awards 2013
  • International Wine Challenge U.K.
  • 2013 International Wine & Spirit Competition (Wine)
  • Kiwi Collection (Mansion)
  • Kiwi (AWE)
  • National Geographic Traveller 2012
  • Order Wine Direct (Wine)
  • Robb Report Exceptional Places 2012
  • Tablet Hotels (Mansion)
  • Telegraph (AWE)
  • Mediterranean International Wine & Spirits Challenge (Wine)
  • Travel+Leisure
  • Trip Advisor Top 25 Hotels for Romance Argentina
  • Unique Homes (AWE)
  • USA Today (Mansion)
  • 2013 Vinalies Internationales Paris d'or (Wine)
  • Vinandino 2013 (Wine)
  • VINUS 2014 (wine)
  • WAWWJ 2014 (Wine)
  • Wine Enthusiast (AWE)