News of committee

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

DEBT RESTRUCTURING

Argentina reaches US$65-billion debt restructuring deal with creditors

04-08-2020 08:59 Government says in a statement that deal with key creditors would provide “significant debt relief.” While it statement didn’t provide a net-present value for the agreement, sources say the deal is worth about 54.8 cents on the dollar.

JUDICIAL REFORM

Amid opposition criticism, Fernández unveils judicial reform

30-07-2020 01:55 President announces he will send a bill to Congress to reform federal justice system. Proposes merging federal courts for criminal and corporate law while increasing their number, thus diluting the power of the current 12 benches in Comodoro Py.

BLOOMBERG

Argentina's creditors boost bargaining power with new funds

27-07-2020 23:21 Main bondholder groups now say they represent 50% of Argentina's overseas debt, potentially strengthening their bargaining power against the government.

DEBT RESTRUCTURING

Debt deal at impasse as creditors unite to reject government's offer

20-07-2020 23:50 Three groups of creditors announce they have rejected Argentina's proposal to restructure US$66 billion of debt and delivered a counter offer to government – which President Alberto Fernández promptly dismisses out of hand.

Bloomberg

Creditors join forces to demand better terms on debt deal

20-07-2020 21:54 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.

DEBT RESTRUCTURING

Casa Rosada dismisses rumours of Guzman’s departure

04-07-2020 09:06 BlackRock, other creditors, big businessmen and ministers are questioning the economy minister’s approach to debt restructuring talks, but Guzmán retains the confidence of Alberto Fernández and Cristina Fernández de Kirchner.

BLOOMBERG

Default prompts a Paul Singer sequel in credit default swap decision

27-05-2020 16:30 Paul Singer's investment firm Elliott Management Corp is one of 14 companies that will decide whether credit-default swaps were triggered by last week’s failure to meet a payment deadline.

CORONAVIRUS OUTBREAK

WHO declares global virus emergency after deadly day for China

30-01-2020 18:34 UN health agency declared an international emergency over deadly coronavirus from China, a rarely used designation that could lead to improved international coordination in tackling disease.

HUMAN RIGHTS

UN votes to launch new probe into Venezuela rights abuses

27-09-2019 09:41 Resolution tabled by more than a dozen countries from Latin America, including Argentina,adopted by the 47-member council. It called for the UN's top rights body to "dispatch urgently an independent international fact-finding mission" to Venezuela.

UNITED NATIONS

UN calls on Argentina to repeal 2017 immigration decree

17-09-2019 09:42 UN Committee on Rights of Migrant Workers slams "xenophobic and discriminatory statements made by authorities, leaders and the media" in Argentina.