Gesamtzahl der Seitenaufrufe

Freitag, 21. Februar 2014

Gramercy presented a 32-page brief supporting the position Argentina

A "vulture fund friend" of Argentina appealed to the U.S. Supreme Court

Gramercy presented a 32-page brief supporting the position Argentina 

The "vulture friend" of Argentina, Gramercy, fund filed an appeal before the Supreme Court of the United States asking to annul judgments condemning the country to pay cash to holders of defaulted debt payment not enter the exchange .

The Gramercy request accompanies the presentation that the Argentine government made ​​in the same way two days ago. In a 32-page letter expresses concern that an eventual judgment against Argentina can lead to a default.

To prevent this from happening a 'out of court' solution is offered. By "Gramercy Solution" is defined to bondholders agreed to swap roles in 2005 or 2010 and, led by Gramercy Fintech funds and are willing to give part of their earnings to give to the holdouts who litigate and thus improve the possibility of a negotiation that away from the courts, which have been gaining.

Keine Kommentare: