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Freitag, 30. August 2013

Also it stated that those who accept the exchange will receive certificates payable at the Caja de Valores (central depository for securities) of Argentina so that they cannot be subject to injunction.

Monday, 26 August 2013
The President will send a bill to Congress to open the exchange of
debt wider.
In a message through multi-media national broadcast, President Cristina
Fernández announced sending to the National Congress the draft of a law
to "open for the third time the exchange of debt to that 7 per cent that
have not yet participated, to demonstrate yet again the sincere desire of
Argentina” to honor its commitments. Also it stated that those who accept 
the exchange will receive certificates payable at the Caja de Valores 
(central depository for securities) of Argentina so that they cannot be 
subject to injunction. 
President Cristina Fernández announced that “last Friday the Court of
Appeals in New York confirmed the ruling of Judge Griesa that found in
favor of the vulture funds” in the complaint against Argentina due to bonds
in default. She stated that those funds “are known because they are the
ones that confiscated Fragata Libertad [Frigate Liberty, Argentinian Navy
Training Ship] in Ghana” as well as other assets of the country such as the
presidential airplane, embassies or other state funds.
The Head of State explained that she seeks to inform “not onl

http://www.shearman.com/files/upload/NML_-_08.26.13_-_Press_Release.pdf

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